Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Rises By 34.9%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 177,500 shares, an increase of 34.9% from the March 15th total of 131,600 shares. Based on an average trading volume of 410,000 shares, the days-to-cover ratio is currently 0.4 days.

Credit Suisse High Yield Bond Fund Price Performance

DHY stock remained flat at $1.97 during mid-day trading on Friday. The company’s stock had a trading volume of 741,110 shares, compared to its average volume of 421,064. The company has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $2.11. Credit Suisse High Yield Bond Fund has a 1-year low of $1.82 and a 1-year high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be given a $0.0155 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 9.44%.

Insider Buying and Selling

In related news, insider Laura A. Defelice acquired 56,801 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the purchase, the insider now owns 66,653 shares in the company, valued at $141,970.89. This trade represents a 576.54 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 14.35% of the stock is currently owned by insiders.

Institutional Trading of Credit Suisse High Yield Bond Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter valued at about $26,000. Avantax Advisory Services Inc. purchased a new position in Credit Suisse High Yield Bond Fund in the 4th quarter worth approximately $50,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Credit Suisse High Yield Bond Fund in the 1st quarter worth $54,000. Integrated Advisors Network LLC raised its position in shares of 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 valued at $81,000 after buying an additional 25,984 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter valued at $92,000.

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.