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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.84 and traded as low as $1.73. Credit Suisse High Yield Bond Fund shares last traded at $1.73, with a volume of 640,671 shares trading hands.

Credit Suisse High Yield Bond Fund Price Performance

The company’s 50 day moving average price is $1.75 and its two-hundred day moving average price is $1.84.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.0155 per share. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DHY. Integrity Advisory Solutions LLC increased its stake in shares of Credit Suisse High Yield Bond Fund by 24.9% in the 4th quarter. Integrity Advisory Solutions LLC now owns 26,501 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 5,280 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Credit Suisse High Yield Bond Fund by 5.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 150,029 shares of the real estate investment trust’s stock valued at $300,000 after purchasing an additional 8,000 shares in the last quarter. D.A. Davidson & CO. lifted its position in Credit Suisse High Yield Bond Fund by 32.0% during the fourth quarter. D.A. Davidson & CO. now owns 43,680 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 10,580 shares in the last quarter. Bank of America Corp DE grew its holdings in Credit Suisse High Yield Bond Fund by 19.6% during the second quarter. Bank of America Corp DE now owns 68,345 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 11,197 shares during the period. Finally, Susquehanna International Group LLP grew its holdings in 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 valued at $63,000 after purchasing an additional 12,982 shares during the period.

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.