Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Rises By 76.4%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 131,600 shares, an increase of 76.4% from the February 28th total of 74,600 shares. Based on an average daily volume of 359,200 shares, the days-to-cover ratio is currently 0.4 days.

Credit Suisse High Yield Bond Fund Trading Up 0.5 %

Shares of Credit Suisse High Yield Bond Fund stock opened at $2.14 on Monday. Credit Suisse High Yield Bond Fund has a 52 week low of $1.96 and a 52 week high of $2.27. The business has a 50-day simple moving average of $2.13.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a dividend of $0.0155 per share. This represents a $0.19 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date of this dividend was Monday, March 17th.

Insider Activity at Credit Suisse High Yield Bond Fund

In other news, insider Laura A. Defelice acquired 56,801 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $2.13 per share, with a total value of $120,986.13. Following the purchase, the insider now owns 66,653 shares of the company’s stock, valued at approximately $141,970.89. This represents a 576.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.35% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DHY. Raymond James Financial Inc. acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth about $26,000. D.A. Davidson & CO. purchased a new position in shares of Credit Suisse High Yield Bond Fund in the third quarter worth approximately $39,000. Avantax Advisory Services Inc. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at approximately $50,000. Integrated Advisors Network LLC lifted its position in shares of Credit Suisse High Yield Bond Fund by 216.9% in the 4th quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 25,984 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in Credit Suisse High Yield Bond Fund in the 4th quarter worth approximately $92,000.

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.