Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• DHY fell below its 200-day moving average of $17.49, trading as low as $16.17 and last changing hands at $16.24, signaling recent technical weakness.
• The fund declared a monthly dividend of $0.155 per share, equivalent to $1.86 annually and an indicated 11.5% yield; the ex-dividend date is October 15.
• Several investment firms recently initiated or increased positions in DHY, including Integrated Wealth Concepts, which raised its holdings by 533.1%.

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $17.49 and traded as low as $16.17. Credit Suisse High Yield Bond Fund shares last traded at $16.24, with a volume of 32,703 shares trading hands.

Credit Suisse High Yield Bond Fund Stock Performance

The business has a fifty day simple moving average of $16.82 and a 200 day simple moving average of $17.49.

Credit Suisse High Yield Bond Fund Announces Dividend

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

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

A number of hedge funds have recently bought and sold shares of DHY. Rockefeller Capital Management L.P. purchased a new position in Credit Suisse High Yield Bond Fund during the fourth quarter worth about $40,000. WealthTrust Asset Management LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the 1st quarter valued at about $41,000. World Investment Advisors purchased a new stake in Credit Suisse High Yield Bond Fund in the 4th quarter valued at about $106,000. Integrated Advisors Network LLC grew 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 acquiring an additional 54,926 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased 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 acquiring an additional 119,546 shares during the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

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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