Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Down 41.5% in August

Key Points

• Short interest in Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) declined by 41.5% in August, now totaling 92,700 shares, representing just 0.1% of the company's shares sold short.
• Several institutional investors are increasing their stakes in the fund, with notable purchases including Jane Street Group LLC and Janney Montgomery Scott LLC, indicating growing confidence among large investors.
• The fund announced a monthly dividend of $0.0155 per share, yielding approximately 8.9% annually, to be paid on September 23rd to shareholders of record by September 16th.

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY - Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 92,700 shares, a drop of 41.5% from the August 15th total of 158,500 shares. Based on an average daily trading volume, of 687,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 687,000 shares, the days-to-cover ratio is currently 0.1 days.

Credit Suisse High Yield Bond Fund Price Performance

DHY remained flat at $2.11 during trading on Thursday. 900,122 shares of the company's stock were exchanged, compared to its average volume of 851,270. Credit Suisse High Yield Bond Fund has a twelve month low of $1.82 and a twelve month high of $2.27. The business's 50-day simple moving average is $2.11 and its two-hundred day simple moving average is $2.08.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th will be issued a $0.0155 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Credit Suisse High Yield Bond Fund by 33.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 20,000 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 5,000 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter valued at $43,000. Osaic Holdings Inc. grew its holdings in shares of Credit Suisse High Yield Bond Fund by 227.2% in the second quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 17,101 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund in the first quarter valued at $54,000. Finally, Raymond James Financial Inc. grew its holdings in shares of Credit Suisse High Yield Bond Fund by 200.0% in the second quarter. Raymond James Financial Inc. now owns 36,000 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 24,000 shares in the last quarter.

Credit Suisse High Yield Bond Fund Company 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.