Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Significant Increase in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHYGet Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 155,300 shares, a growth of 56.1% from the January 15th total of 99,500 shares. Based on an average daily trading volume, of 442,200 shares, the days-to-cover ratio is presently 0.4 days.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of DHY stock opened at $2.00 on Tuesday. Credit Suisse High Yield Bond Fund has a 1 year low of $1.65 and a 1 year high of $2.04.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 16th will be given a dividend of $0.0155 per share. This represents a $0.19 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date of this dividend is Thursday, February 15th.

Insider Buying and Selling

In other Credit Suisse High Yield Bond Fund news, CIO Thomas J. Flannery purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were purchased at an average cost of $1.96 per share, for a total transaction of $39,200.00. Following the completion of the purchase, the executive now directly owns 215,000 shares in the company, valued at $421,400. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought 59,704 shares of company stock worth $118,005 in the last quarter. 14.35% of the stock is owned by insiders.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Atlas Private Wealth Advisors acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 2nd quarter worth approximately $25,000. Captrust Financial Advisors acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 2nd quarter worth approximately $25,000. Money Concepts Capital Corp acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $31,000. Walleye Capital LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 1st quarter worth approximately $33,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 15.49% of the company’s stock.

About Credit Suisse High Yield Bond Fund

(Get Free Report)

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.

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