Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Up 41.0% in August

Key Points

• Short interest in Credit Suisse High Yield Bond Fund, Inc. rose by 41.0% in August, reaching a total of 158,500 shares as of August 15th.
• In the second quarter, several institutional investors including Osaic Holdings Inc. and Raymond James Financial Inc. significantly increased their stakes in the fund, with Osaic boosting holdings by 227.2%.
• The fund announced a monthly dividend of $0.0155 per share, which will be paid on September 23rd, representing an annualized yield of 8.9%.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 158,500 shares, an increase of 41.0% from the July 31st total of 112,400 shares. Based on an average trading volume of 601,300 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 601,300 shares, the short-interest ratio is presently 0.3 days.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of NYSEAMERICAN:DHY remained flat at $2.10 during midday trading on Friday. 782,263 shares of the stock traded hands, compared to its average volume of 871,237. The stock's 50 day simple moving average is $2.11 and its 200 day simple moving average is $2.09. Credit Suisse High Yield Bond Fund has a 52-week low of $1.82 and a 52-week high of $2.27.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.0155 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, September 16th.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its stake in shares of Credit Suisse High Yield Bond Fund by 227.2% during the second quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 17,101 shares during the last quarter. Bank of America Corp DE increased its position in shares of Credit Suisse High Yield Bond Fund by 19.6% during the second quarter. Bank of America Corp DE now owns 68,345 shares of the real estate investment trust's stock valued at $146,000 after buying an additional 11,197 shares during the period. Jane Street Group LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund during the second quarter valued at about $89,000. Raymond James Financial Inc. increased its position in shares of Credit Suisse High Yield Bond Fund by 200.0% during the second quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust's stock valued at $77,000 after buying an additional 24,000 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Credit Suisse High Yield Bond Fund by 26.4% during the second quarter. NewEdge Advisors LLC now owns 94,664 shares of the real estate investment trust's stock valued at $202,000 after buying an additional 19,764 shares during the period.

About Credit Suisse High Yield Bond Fund

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.