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) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 131,600 shares, a growth 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 related news, insider Laura A. Defelice purchased 56,801 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 66,653 shares of the company’s stock, valued at approximately $141,970.89. This trade represents a 576.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 14.35% of the company’s stock.

Institutional Trading of Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter worth $26,000. D.A. Davidson & CO. bought a new position in shares of Credit Suisse High Yield Bond Fund during the 3rd quarter worth about $39,000. Avantax Advisory Services Inc. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter valued at about $50,000. Integrated Advisors Network LLC increased its stake in Credit Suisse High Yield Bond Fund by 216.9% in the fourth quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 25,984 shares during the period. Finally, Apollon Wealth Management LLC acquired a new position in Credit Suisse High Yield Bond Fund in the fourth quarter worth about $92,000.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of NYSEAMERICAN DHY traded up $0.01 during mid-day trading on Friday, hitting $2.14. The company had a trading volume of 518,147 shares, 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 50-day moving average price is $2.13.

Credit Suisse High Yield Bond Fund Announces Dividend

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

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.