Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Down 62.5% in June

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 86,047 shares, a decrease of 62.5% from the May 31st total of 229,477 shares. Based on an average daily volume of 551,831 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Credit Suisse High Yield Bond Fund Price Performance

Shares of DHY stock opened at $1.75 on Friday. Credit Suisse High Yield Bond Fund has a 12-month low of $1.72 and a 12-month high of $2.15. The firm has a 50-day moving average price of $1.76 and a 200 day moving average price of $1.89.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were paid a $0.0155 dividend. The ex-dividend date was Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%.

Insider Buying and Selling at Credit Suisse High Yield Bond Fund

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. Insiders own 14.35% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DHY. Rockefeller Capital Management L.P. acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter valued at $40,000. WealthTrust Asset Management LLC acquired a new position in Credit Suisse High Yield Bond Fund in the first quarter worth $41,000. Integrity Advisory Solutions LLC acquired a new position in Credit Suisse High Yield Bond Fund in the third quarter worth $44,000. Landscape Capital Management L.L.C. acquired a new position in Credit Suisse High Yield Bond Fund in the fourth quarter worth $51,000. Finally, Osaic Holdings Inc. grew its holdings in shares of Credit Suisse High Yield Bond Fund by 227.2% during the second 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 during the last quarter.

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.