Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Decreases By 66.6%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 214,459 shares, a decline of 66.6% from the July 30th total of 642,616 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 716,871 shares, the days-to-cover ratio is currently 0.3 days.

Credit Suisse High Yield Bond Fund Stock Performance

DHY remained flat at $1.71 during mid-day trading on Friday. 734,777 shares of the company’s stock traded hands, compared to its average volume of 710,619. The business’s fifty day simple moving average is $1.75 and its two-hundred day simple moving average is $1.81. Credit Suisse High Yield Bond Fund has a 12 month low of $1.71 and a 12 month high of $2.13.

Credit Suisse High Yield Bond Fund shares are set to reverse split on 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 Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were given a $0.0155 dividend. The ex-dividend date was Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rareview Capital LLC acquired a new position in Credit Suisse High Yield Bond Fund in the second quarter valued at about $1,861,000. WealthTrust Asset Management LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the first quarter worth about $41,000. Integrated Advisors Network LLC lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 129.4% during the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 54,926 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 8,837 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at approximately $40,000.

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.