Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Significant Increase in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 169,326 shares, an increase of 96.8% from the June 15th total of 86,047 shares. Based on an average daily volume of 831,083 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Several hedge funds have recently added to or reduced their stakes in DHY. WealthTrust Asset Management LLC acquired a new stake in Credit Suisse High Yield Bond Fund during the 1st quarter worth about $41,000. Integrated Advisors Network LLC lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 129.4% in the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 54,926 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Credit Suisse High Yield Bond Fund by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 8,837 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter worth about $40,000. Finally, World Investment Advisors purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter worth about $106,000.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of NYSEAMERICAN DHY opened at $1.74 on Friday. The company has a 50 day simple moving average of $1.76 and a two-hundred day simple moving average of $1.86. Credit Suisse High Yield Bond Fund has a 12 month low of $1.72 and a 12 month high of $2.14.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 16th will be issued a dividend of $0.0155 per share. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Thursday, July 16th.

Credit Suisse High Yield Bond Fund Company Profile

The Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.

In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers’ fundamentals, cash flow profiles, and relative valuations.