Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Update

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 74,600 shares, an increase of 100.5% from the February 13th total of 37,200 shares. Based on an average daily trading volume, of 363,600 shares, the short-interest ratio is currently 0.2 days.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of DHY stock traded up $0.03 during mid-day trading on Friday, hitting $2.14. 292,959 shares of the stock traded hands, compared to its average volume of 360,403. The stock’s fifty day moving average price is $2.13. Credit Suisse High Yield Bond Fund has a 52-week low of $1.96 and a 52-week high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a $0.0155 dividend. This represents a $0.19 annualized dividend and a dividend yield of 8.69%. The ex-dividend date of this dividend is Monday, March 17th.

Insider Activity

In other news, insider Laura A. Defelice purchased 56,801 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of $2.13 per share, with a total value of $120,986.13. Following the completion of the transaction, the insider now owns 66,653 shares in the company, valued at $141,970.89. This represents a 576.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 14.35% of the company’s stock.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Advisors Network LLC increased its holdings in shares of Credit Suisse High Yield Bond Fund by 216.9% in the fourth quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 25,984 shares during the period. Bank of America Corp DE increased its holdings in shares of Credit Suisse High Yield Bond Fund by 13.1% in the fourth quarter. Bank of America Corp DE now owns 52,595 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 6,100 shares during the period. Jane Street Group LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at about $197,000. Raymond James Financial Inc. acquired a new position in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at about $26,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Credit Suisse High Yield Bond Fund by 1.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 524,766 shares of the real estate investment trust’s stock valued at $1,123,000 after purchasing an additional 10,015 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.