Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Up 11.3% in December

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 546,300 shares, a growth of 11.3% from the December 15th total of 490,700 shares. Based on an average daily trading volume, of 356,100 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Advisors Network LLC bought a new stake in Credit Suisse High Yield Bond Fund during the 3rd quarter valued at $27,000. Truist Financial Corp bought a new stake in Credit Suisse High Yield Bond Fund in the second quarter worth about $25,000. D.A. Davidson & CO. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 3rd quarter worth approximately $39,000. Finally, Park Avenue Securities LLC lifted its position 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 valued at $1,041,000 after acquiring an additional 24,667 shares during the last quarter.

Credit Suisse High Yield Bond Fund Price Performance

Shares of DHY traded up $0.03 during midday trading on Friday, hitting $2.13. 453,555 shares of the stock traded hands, compared to its average volume of 307,529. Credit Suisse High Yield Bond Fund has a 1-year low of $1.93 and a 1-year high of $2.27.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.0155 per share. This represents a $0.19 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date is Thursday, January 16th.

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.