Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• DHY fell below its 200-day moving average of $17.37, reaching an intraday low of $16.05 before closing its latest trading at $16.23 on volume of 102,722 shares.
• The fund declared a monthly dividend of $0.155 per share, equivalent to $1.86 annually and an 11.5% yield. The ex-dividend and record date is October 15, with payment scheduled for October 22.
• Institutional interest increased, with several firms adding positions or initiating stakes, including Integrated Wealth Concepts, Rareview Capital and Integrated Advisors Network. DHY is a closed-end fund focused primarily on below-investment-grade corporate debt to generate current income.

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 Monday. The stock has a two hundred day moving average of $17.37 and traded as low as $16.05. Credit Suisse High Yield Bond Fund shares last traded at $16.23, with a volume of 102,722 shares trading hands.

Credit Suisse High Yield Bond Fund Price Performance

The firm has a 50-day moving average price of $16.67 and a 200-day moving average price of $17.37.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 15th will be given a dividend of $0.1550 per share. This represents a $1.86 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of Credit Suisse High Yield Bond Fund by 533.1% during the second quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust's stock valued at $253,000 after buying an additional 119,546 shares during the last quarter. Rareview Capital LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 2nd quarter worth about $1,861,000. WealthTrust Asset Management LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 1st quarter worth about $41,000. Integrated Advisors Network LLC raised its position in Credit Suisse High Yield Bond Fund by 129.4% in the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust's stock worth $185,000 after buying an additional 54,926 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Credit Suisse High Yield Bond Fund by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust's stock valued at $302,000 after acquiring an additional 8,837 shares during the period.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund, Inc is a closed-end investment fund traded on the NYSE American under the symbol DHY. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in high-yield corporate debt securities.

The fund's portfolio generally consists of below-investment-grade bonds, commonly known as high-yield or “junk” bonds. These securities are issued by companies across a range of industries and may include debt issued by U.S.

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