Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Increases By 11.3%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 546,300 shares, an increase of 11.3% from the December 15th total of 490,700 shares. Based on an average daily volume of 356,100 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DHY. Integrated Advisors Network LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the third quarter valued at about $27,000. Truist Financial Corp purchased a new position in Credit Suisse High Yield Bond Fund during the second quarter worth about $25,000. D.A. Davidson & CO. purchased a new stake in Credit Suisse High Yield Bond Fund in the 3rd quarter valued at approximately $39,000. Finally, Park Avenue Securities LLC boosted its holdings in Credit Suisse High Yield Bond Fund by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 24,667 shares in the last quarter.

Credit Suisse High Yield Bond Fund Stock Up 1.4 %

Shares of NYSEAMERICAN:DHY traded up $0.03 on Friday, reaching $2.13. The company’s stock had a trading volume of 453,555 shares, compared to its average volume of 307,529. Credit Suisse High Yield Bond Fund has a 52-week low of $1.93 and a 52-week high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.0155 per share. This represents a $0.19 annualized dividend and a yield of 8.73%. The ex-dividend date is Thursday, January 16th.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.