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Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Passes Above 50 Day Moving Average - What's Next?

Credit Suisse High Yield Bond Fund logo with Finance background

Key Points

  • Credit Suisse High Yield Bond Fund shares have surpassed their 50-day moving average, currently trading at $2.11 with a high of $2.13.
  • The fund announced a dividend of $0.0155, translating to an impressive dividend yield of 882.0%, with the dividend payable on August 22nd.
  • Several hedge funds have recently increased their stakes in the fund, indicating growing investor interest and potential confidence in its performance.
  • Five stocks to consider instead of Credit Suisse High Yield Bond Fund.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.11 and traded as high as $2.13. Credit Suisse High Yield Bond Fund shares last traded at $2.11, with a volume of 400,308 shares trading hands.

Credit Suisse High Yield Bond Fund Stock Performance

The firm has a 50 day moving average price of $2.12 and a two-hundred day moving average price of $2.09.

Credit Suisse High Yield Bond Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 18th will be issued a $0.0155 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a dividend yield of 882.0%.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in Credit Suisse High Yield Bond Fund during the fourth quarter valued at $26,000. Sheaff Brock Investment Advisors LLC raised its stake in Credit Suisse High Yield Bond Fund by 33.3% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 20,000 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 5,000 shares during the last quarter. Allworth Financial LP purchased a new position in Credit Suisse High Yield Bond Fund during the second quarter valued at $43,000. Wealth Enhancement Advisory Services LLC purchased a new position in Credit Suisse High Yield Bond Fund during the first quarter valued at $54,000. Finally, Integrated Advisors Network LLC raised its stake 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 valued at $81,000 after buying an additional 25,984 shares during the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

(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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