Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.06 and traded as low as $2.00. Credit Suisse High Yield Bond Fund shares last traded at $2.00, with a volume of 555,166 shares.

Credit Suisse High Yield Bond Fund Price Performance

The company’s fifty day moving average price is $2.01 and its 200 day moving average price is $2.06.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.0155 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a dividend yield of 9.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position 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 buying an additional 264,382 shares during the period. Fiera Capital Corp increased its holdings in shares of Credit Suisse High Yield Bond Fund by 47.3% in the 4th quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock worth $1,224,000 after acquiring an additional 196,469 shares during the period. Envestnet Asset Management Inc. lifted its position in Credit Suisse High Yield Bond Fund by 6.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 548,129 shares of the real estate investment trust’s stock valued at $1,129,000 after purchasing an additional 31,342 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Credit Suisse High Yield Bond Fund by 2.9% during the 4th quarter. Park Avenue Securities LLC now owns 493,451 shares of the real estate investment trust’s stock valued at $987,000 after purchasing an additional 13,949 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in Credit Suisse High Yield Bond Fund in the 2nd quarter worth about $381,000.

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.