Sit Investment Associates Inc. Sells 377,679 Shares of Credit Suisse High Yield Bond Fund, Inc. $DHY

Sit Investment Associates Inc. trimmed its position in shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) by 60.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 244,296 shares of the real estate investment trust’s stock after selling 377,679 shares during the period. Sit Investment Associates Inc.’s holdings in Credit Suisse High Yield Bond Fund were worth $489,000 at the end of the most recent reporting period.

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

Credit Suisse High Yield Bond Fund Stock Performance

Shares of DHY opened at $1.74 on Friday. Credit Suisse High Yield Bond Fund, Inc. has a one year low of $1.72 and a one year high of $2.15. The firm has a 50 day simple moving average of $1.78 and a two-hundred day simple moving average of $1.90.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a $0.0155 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Monday, June 15th.

Insider Activity

In other Credit Suisse High Yield Bond Fund news, insider Charles Gerber purchased 16,000 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average price of $1.88 per share, for a total transaction of $30,080.00. Following the purchase, the insider owned 16,000 shares in the company, valued at approximately $30,080. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.35% of the company’s stock.

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.