Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Reaches New 52-Week Low - Here's Why

Key Points

• Credit Suisse High Yield Bond Fund shares hit a new 52-week low, trading as low as $15.00 before closing at $16.01, down 0.2% from the prior session.
• The fund increased its monthly dividend to $0.155 per share, equivalent to $1.86 annually and an 11.6% yield, up from the previous $0.0155 monthly payout.
• Several institutional investors established or expanded positions in DHY, including Integrated Wealth Concepts, which increased its holdings by 533.1%.

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $15.00 and last traded at $16.01, with a volume of 50124 shares. The stock had previously closed at $16.10.

Credit Suisse High Yield Bond Fund Trading Down 0.2%

The company's fifty day moving average price is $1.70 and its 200-day moving average price is $1.76.

Credit Suisse High Yield Bond Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.1550 per share. This represents a $1.86 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date was Wednesday, September 16th. This is a positive change from Credit Suisse High Yield Bond Fund's previous monthly dividend of $0.0155.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Several institutional investors and hedge funds have recently made changes to their positions in DHY. Rockefeller Capital Management L.P. purchased a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at $40,000. WealthTrust Asset Management LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 1st quarter worth $41,000. World Investment Advisors purchased a new position in Credit Suisse High Yield Bond Fund in the 4th quarter worth $106,000. Integrated Advisors Network LLC lifted its position in Credit Suisse High Yield Bond Fund by 129.4% during the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust's stock worth $185,000 after acquiring an additional 54,926 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in Credit Suisse High Yield Bond Fund by 533.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 119,546 shares during the period.

Credit Suisse High Yield Bond Fund Company Profile

Credit Suisse High Yield Bond Fund is a closed-end investment fund listed on the NYSE American under the symbol DHY. The fund is designed to provide investors with exposure to the high-yield bond market, commonly known as the below-investment-grade or “junk” bond market.

The fund invests primarily in a diversified portfolio of high-yield corporate debt securities. These holdings may include bonds and other fixed-income instruments issued by companies across a range of industries, with the portfolio focused on generating a high level of current income.

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