Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Grows By 173.9%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 125,700 shares, an increase of 173.9% from the July 15th total of 45,900 shares. Based on an average trading volume of 406,100 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. City of London Investment Management Co. Ltd. acquired a new position in shares of Credit Suisse High Yield Bond Fund during the first quarter valued at approximately $517,000. Cetera Advisors LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund during the 1st quarter valued at $245,000. PFG Investments LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 1st quarter worth $227,000. Robinson Capital Management LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the first quarter valued at $119,000. Finally, First Western Trust Bank bought a new position in Credit Suisse High Yield Bond Fund during the first quarter valued at about $101,000.

Credit Suisse High Yield Bond Fund Stock Performance

DHY stock traded up $0.01 during midday trading on Thursday, reaching $2.10. The company had a trading volume of 436,544 shares, compared to its average volume of 468,992. Credit Suisse High Yield Bond Fund has a fifty-two week low of $1.78 and a fifty-two week high of $2.11.

Credit Suisse High Yield Bond Fund Company Profile

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.