Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Large Drop in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 37,200 shares, a decline of 73.4% from the January 31st total of 140,000 shares. Based on an average daily volume of 388,300 shares, the short-interest ratio is presently 0.1 days.

Credit Suisse High Yield Bond Fund Price Performance

Credit Suisse High Yield Bond Fund stock traded up $0.01 during mid-day trading on Friday, hitting $2.16. 61,706 shares of the company’s stock were exchanged, compared to its average volume of 369,706. Credit Suisse High Yield Bond Fund has a 1-year low of $1.95 and a 1-year high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were given a $0.0155 dividend. This represents a $0.19 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend was Tuesday, February 18th.

Insider Transactions at Credit Suisse High Yield Bond Fund

In other Credit Suisse High Yield Bond Fund news, insider Laura A. Defelice bought 56,801 shares of Credit Suisse High Yield Bond Fund stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of $2.13 per share, for a total transaction of $120,986.13. Following the completion of the acquisition, the insider now directly owns 66,653 shares of the company’s stock, valued at approximately $141,970.89. This trade represents a 576.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter worth about $197,000. LPL Financial LLC boosted its stake in Credit Suisse High Yield Bond Fund by 10.0% during the fourth quarter. LPL Financial LLC now owns 811,454 shares of the real estate investment trust’s stock worth $1,737,000 after buying an additional 73,600 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in Credit Suisse High Yield Bond Fund in the 4th quarter valued at $92,000. Integrated Advisors Network LLC raised its stake in shares of Credit Suisse High Yield Bond Fund by 216.9% in the 4th quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 25,984 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 5.3% during the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 24,667 shares during the period.

About Credit Suisse High Yield Bond Fund

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.