Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Down 89.9% in May

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 229,477 shares, a drop of 89.9% from the May 14th total of 2,281,431 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 613,442 shares, the days-to-cover ratio is currently 0.4 days.

Insider Activity

In other Credit Suisse High Yield Bond Fund news, insider Charles Gerber purchased 16,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was purchased at an average price of $1.88 per share, for a total transaction of $30,080.00. Following the transaction, the insider owned 16,000 shares in the company, valued at $30,080. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 14.35% of the company’s stock.

Institutional Trading of Credit Suisse High Yield Bond Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its stake in Credit Suisse High Yield Bond Fund by 26.9% in the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust’s stock worth $2,659,000 after purchasing an additional 264,382 shares during the period. NewEdge Advisors LLC grew its stake in Credit Suisse High Yield Bond Fund by 26.4% in the second quarter. NewEdge Advisors LLC now owns 94,664 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 19,764 shares during the period. Raymond James Financial Inc. grew its stake in Credit Suisse High Yield Bond Fund by 200.0% in the second quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust’s stock worth $77,000 after purchasing an additional 24,000 shares during the period. Jane Street Group LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the second quarter worth $89,000. Finally, Bank of America Corp DE grew its stake in Credit Suisse High Yield Bond Fund by 19.6% in the second quarter. Bank of America Corp DE now owns 68,345 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 11,197 shares during the period.

Credit Suisse High Yield Bond Fund Price Performance

NYSEAMERICAN:DHY remained flat at $1.75 during mid-day trading on Thursday. The company had a trading volume of 275,909 shares, compared to its average volume of 606,167. The company has a 50 day moving average price of $1.79 and a 200 day moving average price of $1.91. Credit Suisse High Yield Bond Fund has a one year low of $1.73 and a one year high of $2.16.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be given a $0.0155 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 10.6%.

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.