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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $1.77 and traded as low as $1.6150. Credit Suisse High Yield Bond Fund shares last traded at $1.62, with a volume of 4,485,913 shares traded.

Credit Suisse High Yield Bond Fund Trading Down 0.6%

The business's 50-day moving average is $1.71 and its 200-day moving average is $1.77.

Credit Suisse High Yield Bond Fund shares are set to reverse split on the morning of Wednesday, September 30th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, September 29th.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were paid a $0.0155 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 11.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Rareview Capital LLC bought a new position in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at $1,861,000. Fiera Capital Corp grew its holdings in shares of Credit Suisse High Yield Bond Fund by 47.3% during the fourth quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust's stock worth $1,224,000 after purchasing an additional 196,469 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Credit Suisse High Yield Bond Fund by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 158,866 shares of the real estate investment trust's stock valued at $302,000 after buying an additional 8,837 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Credit Suisse High Yield Bond Fund by 533.1% in 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 in the last quarter. Finally, Integrated Advisors Network LLC raised its holdings in shares of Credit Suisse High Yield Bond Fund by 129.4% in the first quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust's stock valued at $185,000 after buying an additional 54,926 shares during the last quarter.

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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