Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Credit Suisse High Yield Bond Fund's shares fell below their 200-day moving average, indicating a potential downward trend in stock price.
• The fund has declared a monthly dividend of $0.0155, equating to an annualized yield of 8.9%, with the ex-dividend date set for October 15th.
• Several hedge funds have increased their stakes in the Credit Suisse High Yield Bond Fund, suggesting growing institutional confidence in the investment.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - )'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.08 and traded as low as $2.06. Credit Suisse High Yield Bond Fund shares last traded at $2.08, with a volume of 968,413 shares traded.

Credit Suisse High Yield Bond Fund Price Performance

The stock has a 50 day simple moving average of $2.10 and a 200 day simple moving average of $2.08.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 15th will be paid a $0.0155 dividend. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Wednesday, October 15th.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Large investors have recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC grew its position in shares of Credit Suisse High Yield Bond Fund by 33.3% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 20,000 shares of the real estate investment trust's stock worth $42,000 after buying an additional 5,000 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 2nd quarter worth approximately $43,000. Osaic Holdings Inc. grew its position 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 buying an additional 17,101 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 1st quarter worth approximately $54,000. Finally, Raymond James Financial Inc. grew its position in shares of Credit Suisse High Yield Bond Fund by 200.0% in the 2nd quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust's stock worth $77,000 after buying an additional 24,000 shares during the last quarter.

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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