Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Set to Reverse Split on Wednesday, September 30th

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) are going to reverse split on the morning of Wednesday, September 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Trading Up 0.6%

Shares of Credit Suisse High Yield Bond Fund stock opened at $1.63 on Friday. The firm’s 50-day moving average is $1.72 and its two-hundred day moving average is $1.78. Credit Suisse High Yield Bond Fund has a 1 year low of $1.62 and a 1 year high of $2.13.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a $0.0155 dividend. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. bought a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter valued at about $40,000. WealthTrust Asset Management LLC purchased a new position in Credit Suisse High Yield Bond Fund in the first quarter valued at about $41,000. Integrity Advisory Solutions LLC raised its holdings in Credit Suisse High Yield Bond Fund by 24.9% in the fourth 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. World Investment Advisors bought a new position in Credit Suisse High Yield Bond Fund in the fourth quarter worth about $106,000. Finally, Integrated Advisors Network LLC raised its holdings in Credit Suisse High Yield Bond Fund by 129.4% in the first quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 54,926 shares in the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.