Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.05 and traded as low as $1.94. Credit Suisse High Yield Bond Fund shares last traded at $1.94, with a volume of 495,557 shares changing hands.

Credit Suisse High Yield Bond Fund Stock Down 0.5%

The business has a fifty day moving average of $2.00 and a 200 day moving average of $2.04.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.0155 per share. The ex-dividend date was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several hedge funds have recently bought and sold shares of DHY. IHT Wealth Management LLC bought a new position in Credit Suisse High Yield Bond Fund during the fourth quarter valued at about $74,000. Boothbay Fund Management LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund during the 4th quarter valued at about $77,000. Equitable Holdings Inc. raised its stake in shares of Credit Suisse High Yield Bond Fund by 34.6% in the 4th quarter. Equitable Holdings Inc. now owns 73,417 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 18,872 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Credit Suisse High Yield Bond Fund in the 4th quarter worth approximately $51,000. Finally, Winter & Associates Inc. acquired a new stake in Credit Suisse High Yield Bond Fund in the 4th quarter worth approximately $53,000.

About Credit Suisse High Yield Bond Fund

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.