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

Key Points

• Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) experienced a significant drop in short interest, decreasing by 83.2% from August to September, totaling just 15,600 shares.
• The fund announced a monthly dividend of $0.0155 per share, resulting in an annualized yield of 9.0%.
• Several institutional investors have increased their stakes in the fund, with some, like Osaic Holdings Inc., boosting their holdings by 227.2% during the 2nd quarter.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - ) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 15,600 shares, a drop of 83.2% from the August 31st total of 92,700 shares. Based on an average trading volume of 728,100 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 728,100 shares, the days-to-cover ratio is presently 0.0 days.

Credit Suisse High Yield Bond Fund Stock Performance

DHY stock traded up $0.01 during trading on Wednesday, hitting $2.07. 808,000 shares of the stock traded hands, compared to its average volume of 568,203. Credit Suisse High Yield Bond Fund has a 1 year low of $1.82 and a 1 year high of $2.25. The firm's 50 day moving average is $2.11 and its two-hundred day moving average is $2.08.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th were given a dividend of $0.0155 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend was Tuesday, September 16th.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several institutional investors have recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC grew its position in Credit Suisse High Yield Bond Fund by 33.3% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 20,000 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 5,000 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 13.1% during the 4th quarter. Bank of America Corp DE now owns 52,595 shares of the real estate investment trust's stock valued at $113,000 after acquiring an additional 6,100 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 30.6% during the 1st quarter. Integrated Advisors Network LLC now owns 49,580 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 11,616 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Credit Suisse High Yield Bond Fund by 13.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 141,929 shares of the real estate investment trust's stock worth $302,000 after purchasing an additional 16,800 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Credit Suisse High Yield Bond Fund by 227.2% in the 2nd quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 17,101 shares during the period.

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.

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