Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Rises By 76.4%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 131,600 shares, an increase of 76.4% from the February 28th total of 74,600 shares. Based on an average daily trading volume, of 359,200 shares, the days-to-cover ratio is currently 0.4 days.

Insider Buying and Selling at Credit Suisse High Yield Bond Fund

In other news, insider Laura A. Defelice purchased 56,801 shares of Credit Suisse High Yield Bond Fund stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average price of $2.13 per share, with a total value of $120,986.13. Following the transaction, the insider now owns 66,653 shares in the company, valued at $141,970.89. This represents a 576.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.35% of the stock is owned by company insiders.

Institutional Trading of Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Credit Suisse High Yield Bond Fund in the 4th quarter valued at about $26,000. D.A. Davidson & CO. acquired a new position in shares of Credit Suisse High Yield Bond Fund in the third quarter valued at approximately $39,000. Avantax Advisory Services Inc. acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $50,000. Integrated Advisors Network LLC lifted its holdings in Credit Suisse High Yield Bond Fund by 216.9% during the 4th quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 25,984 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 4th quarter valued at approximately $92,000.

Credit Suisse High Yield Bond Fund Price Performance

DHY stock traded up $0.01 during mid-day trading on Friday, hitting $2.14. 518,147 shares of the company were exchanged, compared to its average volume of 402,941. Credit Suisse High Yield Bond Fund has a 12-month low of $1.96 and a 12-month high of $2.27. The firm’s fifty day simple moving average is $2.13.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a $0.0155 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.19 annualized dividend and a yield of 8.69%.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund, Inc is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.