Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.37 and traded as low as $16.05. Credit Suisse High Yield Bond Fund shares last traded at $16.23, with a volume of 102,722 shares.

Credit Suisse High Yield Bond Fund Stock Performance

The business has a 50 day moving average of $16.64 and a two-hundred day moving average of $17.35.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.1550 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.86 annualized dividend and a dividend yield of 11.3%.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

A number of institutional investors have recently modified their holdings of the company. Rareview Capital LLC acquired a new stake in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at $1,861,000. Janney Montgomery Scott LLC raised its holdings in Credit Suisse High Yield Bond Fund by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 8,837 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Credit Suisse High Yield Bond Fund by 533.1% during the second 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 during the last quarter. Integrated Advisors Network LLC raised its holdings in Credit Suisse High Yield Bond Fund by 129.4% during the first 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 during the last quarter. Finally, World Investment Advisors bought a new position in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at $106,000.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund, Inc is a closed-end investment fund traded on the NYSE American under the symbol DHY. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in high-yield corporate debt securities.

The fund’s portfolio generally consists of below-investment-grade bonds, commonly known as high-yield or “junk” bonds. These securities are issued by companies across a range of industries and may include debt issued by U.S.