Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.95 and traded as low as $1.75. Credit Suisse High Yield Bond Fund shares last traded at $1.77, with a volume of 490,231 shares changing hands.

Credit Suisse High Yield Bond Fund Price Performance

The firm’s 50-day moving average is $1.83 and its 200 day moving average is $1.95.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be issued a $0.0155 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, May 4th.

Insider Buying and Selling

In related news, insider Charles Gerber purchased 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were acquired 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 represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 14.35% of the company’s stock.

Institutional Trading of Credit Suisse High Yield Bond Fund

Large investors have recently made changes to their positions in the company. Adapt Wealth Advisors LLC bought a new position in shares of Credit Suisse High Yield Bond Fund during the third quarter valued at $31,000. Rockefeller Capital Management L.P. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at approximately $40,000. WealthTrust Asset Management LLC purchased a new position in Credit Suisse High Yield Bond Fund during the first quarter valued at approximately $41,000. Integrity Advisory Solutions LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 3rd quarter worth approximately $44,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 4th quarter worth approximately $51,000.

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.