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

Key Points

• DHY fell below its 200-day moving average: the fund traded as low as $1.76 on Friday versus a 200-day MA of $1.98, with volume of 777,816 shares.
• High dividend yield: the fund paid a monthly dividend of $0.0155 on April 23 (ex-dividend/record date April 16), reflecting a reported yield of about 10.6%.
• Insider buying: director Charles Gerber purchased 16,000 shares at an average $1.88 per share, and insiders collectively own roughly 14.35% of the stock.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.98 and traded as low as $1.76. Credit Suisse High Yield Bond Fund shares last traded at $1.76, with a volume of 777,816 shares.

Credit Suisse High Yield Bond Fund Price Performance

The firm's 50 day moving average price is $1.89 and its 200-day moving average price is $1.98.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 16th were paid a $0.0155 dividend. The ex-dividend date was Thursday, April 16th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Insider Activity

In related news, insider Charles Gerber acquired 16,000 shares of the stock in a transaction dated Thursday, April 16th. The shares were acquired at an average price of $1.88 per share, for a total transaction of $30,080.00. Following the completion of the purchase, the insider owned 16,000 shares in the company, valued at approximately $30,080. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 14.35% of the company's stock.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Adapt Wealth Advisors LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the third quarter worth $31,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter worth $40,000. Integrity Advisory Solutions LLC acquired a new stake in Credit Suisse High Yield Bond Fund during the third quarter worth $44,000. Osaic Holdings Inc. boosted its stake in 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 worth $52,000 after buying an additional 17,101 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter worth $51,000.

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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