Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Update

Key Points

• Short interest surged 179.5% to 642,616 shares as of July 31, up from 229,903 shares on July 15. Short interest represented 0.7% of shares outstanding, with a days-to-cover ratio of 0.7.
• DHY shares opened at $1.74, near their 52-week low of $1.72 and below the 52-week high of $2.13. The fund declared a monthly dividend of $0.0155 per share, representing an annualized yield of approximately 10.7%.
• Several institutional investors increased their positions during the second quarter, including Invesco, NewEdge Advisors, Raymond James Financial, and Bank of America; Jane Street Group also initiated a new position.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 642,616 shares, a growth of 179.5% from the July 15th total of 229,903 shares. Based on an average daily volume of 881,650 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the company's shares are short sold.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of Credit Suisse High Yield Bond Fund stock opened at $1.74 on Friday. Credit Suisse High Yield Bond Fund has a 52-week low of $1.72 and a 52-week high of $2.13. The company's 50 day moving average price is $1.75 and its 200-day moving average price is $1.83.

Credit Suisse High Yield Bond Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 17th will be given a dividend of $0.0155 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 10.7%.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 26.9% during the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust's stock worth $2,659,000 after purchasing an additional 264,382 shares during the period. NewEdge Advisors LLC increased its holdings in Credit Suisse High Yield Bond Fund by 26.4% during the 2nd quarter. NewEdge Advisors LLC now owns 94,664 shares of the real estate investment trust's stock valued at $202,000 after purchasing an additional 19,764 shares during the period. Raymond James Financial Inc. increased its holdings in Credit Suisse High Yield Bond Fund by 200.0% during the 2nd quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 24,000 shares during the period. Jane Street Group LLC bought a new position in Credit Suisse High Yield Bond Fund during the 2nd quarter valued at approximately $89,000. Finally, Bank of America Corp DE raised its position in Credit Suisse High Yield Bond Fund by 19.6% during the 2nd quarter. Bank of America Corp DE now owns 68,345 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 11,197 shares during the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

The Credit Suisse High Yield Bond Fund NYSEAMERICAN: DHY is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.

In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers' fundamentals, cash flow profiles, and relative valuations.

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