Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Passes Below 200 Day Moving Average – Here’s Why

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.93 and traded as low as $1.76. Credit Suisse High Yield Bond Fund shares last traded at $1.76, with a volume of 493,501 shares traded.

Credit Suisse High Yield Bond Fund Stock Performance

The business’s fifty day moving average price is $1.82 and its 200 day moving average price is $1.93.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a dividend of $0.0155 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend was Monday, May 4th.

Insider Activity

In other news, insider Charles Gerber bought 16,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average price of $1.88 per share, for a total transaction of $30,080.00. Following the transaction, the insider directly owned 16,000 shares of the company’s stock, valued at $30,080. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 14.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Hedge funds have recently made changes to their positions in the company. Adapt Wealth Advisors LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 3rd quarter worth about $31,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter worth about $40,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 3rd quarter worth about $44,000. WealthTrust Asset Management LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 1st quarter worth about $41,000. Finally, Osaic Holdings Inc. increased its position in shares of Credit Suisse High Yield Bond Fund by 227.2% during the 2nd quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 17,101 shares in the last quarter.

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.