Sit Investment Associates Inc. Has $450,000 Holdings in Credit Suisse High Yield Bond Fund, Inc. $DHY

Key Points

• Sit Investment Associates Inc. reduced its holdings in Credit Suisse High Yield Bond Fund by 83.4%, selling over 1 million shares during the first quarter.
• Credit Suisse High Yield Bond Fund announced a dividend of $0.0155, with a significant dividend yield of 882.0%, set to be paid on August 22.
• The fund's share price opened at $2.09, with a one-year range between $1.82 and $2.27.

Sit Investment Associates Inc. lessened its holdings in shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Free Report) by 83.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,405 shares of the real estate investment trust's stock after selling 1,064,565 shares during the period. Sit Investment Associates Inc.'s holdings in Credit Suisse High Yield Bond Fund were worth $450,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC boosted its holdings 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 worth $42,000 after buying an additional 5,000 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Credit Suisse High Yield Bond Fund by 13.1% in the 4th quarter. Bank of America Corp DE now owns 52,595 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 6,100 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 524,766 shares of the real estate investment trust's stock worth $1,123,000 after buying an additional 10,015 shares during the period. Integrated Advisors Network LLC boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 30.6% during the first quarter. Integrated Advisors Network LLC now owns 49,580 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 11,616 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at approximately $26,000.

Credit Suisse High Yield Bond Fund Trading Down 0.2%

DHY stock traded down $0.0050 on Thursday, reaching $2.0750. 189,532 shares of the company were exchanged, compared to its average volume of 525,817. Credit Suisse High Yield Bond Fund, Inc. has a 12 month low of $1.82 and a 12 month high of $2.27. The stock's fifty day moving average price is $2.12 and its 200 day moving average price is $2.09.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 22nd. Investors of record on Monday, August 18th will be given a dividend of $0.0155 per share. The ex-dividend date is Friday, August 15th. This represents a yield of 882.0%.

Credit Suisse High Yield Bond Fund 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.