Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Shares dropped below the 200-day moving average: DHY traded as low as $1.85 and last at $1.86 versus a 200-day MA of $2.03, on volume of 769,261 shares.
• Monthly dividend announced: the fund declared a $0.0155 monthly dividend payable March 23 (record/ex-dividend date March 16), implying a roughly 10.0% yield.
• Institutional activity was modest but notable: several firms initiated small positions and Osaic Holdings boosted its stake by 227.2% to 24,628 shares (about $52K).

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.03 and traded as low as $1.85. Credit Suisse High Yield Bond Fund shares last traded at $1.86, with a volume of 769,261 shares.

Credit Suisse High Yield Bond Fund Trading Down 0.5%

The company has a 50-day moving average of $1.98 and a two-hundred day moving average of $2.03.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 16th will be paid a $0.0155 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DHY. Adapt Wealth Advisors LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the 3rd quarter worth approximately $31,000. Allworth Financial LP purchased a new position in Credit Suisse High Yield Bond Fund during the second quarter valued at approximately $43,000. Integrity Advisory Solutions LLC bought a new position in shares of Credit Suisse High Yield Bond Fund in the third quarter worth approximately $44,000. Landscape Capital Management L.L.C. bought a new position in shares of Credit Suisse High Yield Bond Fund in the fourth quarter worth approximately $51,000. Finally, Osaic Holdings Inc. increased its stake in shares of Credit Suisse High Yield Bond Fund by 227.2% in the second 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 in 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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