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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 74,600 shares, an increase of 100.5% from the February 13th total of 37,200 shares. Based on an average trading volume of 363,600 shares, the short-interest ratio is presently 0.2 days.

Insiders Place Their Bets

In other news, insider Laura A. Defelice bought 56,801 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of $2.13 per share, for a total transaction of $120,986.13. Following the completion of the purchase, the insider now owns 66,653 shares in the company, valued at approximately $141,970.89. This trade represents a 576.54 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 14.35% of the company’s stock.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

A number of institutional investors and hedge funds have recently bought and sold shares of DHY. Jane Street Group LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at about $197,000. LPL Financial LLC raised its holdings in Credit Suisse High Yield Bond Fund by 10.0% during the fourth quarter. LPL Financial LLC now owns 811,454 shares of the real estate investment trust’s stock worth $1,737,000 after purchasing an additional 73,600 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in Credit Suisse High Yield Bond Fund during the fourth quarter worth about $92,000. Integrated Advisors Network LLC raised its holdings in Credit Suisse High Yield Bond Fund by 216.9% during the fourth quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 25,984 shares in the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Credit Suisse High Yield Bond Fund by 5.3% during the fourth quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 24,667 shares in the last quarter.

Credit Suisse High Yield Bond Fund Price Performance

Shares of DHY opened at $2.14 on Friday. Credit Suisse High Yield Bond Fund has a 1-year low of $1.96 and a 1-year high of $2.27. The company has a fifty day moving average of $2.13.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a $0.0155 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.19 dividend on an annualized basis and a yield of 8.69%.

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.