Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Passes Below 200-Day Moving Average – What’s Next?

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.07 and traded as low as $2.00. Credit Suisse High Yield Bond Fund shares last traded at $2.01, with a volume of 430,741 shares.

Credit Suisse High Yield Bond Fund Price Performance

The business has a 50-day moving average of $2.02 and a 200-day moving average of $2.07.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 16th were issued a $0.0155 dividend. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, January 16th.

Institutional Trading of Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in Credit Suisse High Yield Bond Fund by 32.0% during the 4th quarter. D.A. Davidson & CO. now owns 43,680 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 10,580 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Credit Suisse High Yield Bond Fund by 2.9% during the fourth quarter. Park Avenue Securities LLC now owns 493,451 shares of the real estate investment trust’s stock worth $987,000 after buying an additional 13,949 shares during the period. Susquehanna International Group LLP boosted its stake in shares of Credit Suisse High Yield Bond Fund by 73.8% during the third quarter. Susquehanna International Group LLP now owns 30,583 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 12,982 shares during the period. Equitable Holdings Inc. acquired a new position in Credit Suisse High Yield Bond Fund in the 3rd quarter valued at about $112,000. Finally, PFG Advisors purchased a new stake in Credit Suisse High Yield Bond Fund during the 3rd quarter valued at approximately $68,000.

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.