Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Large Decrease in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 86,047 shares, a decrease of 62.5% from the May 31st total of 229,477 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 551,831 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In related news, insider Charles Gerber acquired 16,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average price of $1.88 per share, with a total value of $30,080.00. Following the acquisition, the insider directly owned 16,000 shares in the company, valued at $30,080. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 14.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. WealthTrust Asset Management LLC acquired a new position in Credit Suisse High Yield Bond Fund during the 1st quarter worth $41,000. Integrated Advisors Network LLC boosted its position in Credit Suisse High Yield Bond Fund by 129.4% in the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 54,926 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Credit Suisse High Yield Bond Fund by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock valued at $302,000 after buying an additional 8,837 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at $40,000. Finally, World Investment Advisors bought a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth $106,000.

Credit Suisse High Yield Bond Fund Stock Performance

DHY opened at $1.75 on Friday. Credit Suisse High Yield Bond Fund has a 1-year low of $1.72 and a 1-year high of $2.15. The firm has a 50-day moving average price of $1.76 and a two-hundred day moving average price of $1.89.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were paid a dividend of $0.0155 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend was Monday, June 15th.

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.