Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Reaches New 52-Week Low – Here’s Why

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $15.00 and last traded at $16.01, with a volume of 50124 shares. The stock had previously closed at $16.10.

Credit Suisse High Yield Bond Fund Trading Down 0.2%

The stock has a fifty day moving average of $1.70 and a 200 day moving average of $1.76.

Credit Suisse High Yield Bond Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a dividend of $0.1550 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $1.86 dividend on an annualized basis and a yield of 11.6%. This is a boost from Credit Suisse High Yield Bond Fund’s previous monthly dividend of $0.0155.

Institutional Trading of Credit Suisse High Yield Bond Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rareview Capital LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at about $1,861,000. Fiera Capital Corp boosted its holdings in Credit Suisse High Yield Bond Fund by 47.3% in the 4th quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 196,469 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Credit Suisse High Yield Bond Fund by 533.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 119,546 shares in the last quarter. Integrated Advisors Network LLC increased its stake in 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 worth $185,000 after buying an additional 54,926 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at approximately $106,000.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.