Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Shares Pass Below 200-Day Moving Average – Should You Sell?

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.05 and traded as low as $1.95. Credit Suisse High Yield Bond Fund shares last traded at $1.96, with a volume of 537,823 shares.

Credit Suisse High Yield Bond Fund Trading Down 0.5%

The company has a 50-day moving average of $2.01 and a two-hundred day moving average of $2.05.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th will be issued a $0.0155 dividend. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, February 17th.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in Credit Suisse High Yield Bond Fund by 26.9% in the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust’s stock worth $2,659,000 after purchasing an additional 264,382 shares during the last quarter. Fiera Capital Corp grew its holdings in shares of Credit Suisse High Yield Bond Fund by 47.3% in the fourth quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock worth $1,224,000 after purchasing an additional 196,469 shares during the last quarter. Wells Fargo & Company MN increased its stake in Credit Suisse High Yield Bond Fund by 17.5% in the 4th quarter. Wells Fargo & Company MN now owns 608,262 shares of the real estate investment trust’s stock worth $1,217,000 after buying an additional 90,611 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Credit Suisse High Yield Bond Fund by 6.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 548,129 shares of the real estate investment trust’s stock valued at $1,129,000 after buying an additional 31,342 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in Credit Suisse High Yield Bond Fund by 2.9% in the 4th quarter. Park Avenue Securities LLC now owns 493,451 shares of the real estate investment trust’s stock valued at $987,000 after buying an additional 13,949 shares during the period.

About Credit Suisse High Yield Bond Fund

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.