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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 138,200 shares, a decline of 74.7% from the December 31st total of 546,300 shares. Based on an average daily trading volume, of 371,200 shares, the days-to-cover ratio is currently 0.4 days.

Credit Suisse High Yield Bond Fund Stock Performance

DHY remained flat at $2.11 on Thursday. The company had a trading volume of 352,218 shares, compared to its average volume of 357,257. Credit Suisse High Yield Bond Fund has a fifty-two week low of $1.93 and a fifty-two week high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were paid a $0.0155 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend was Thursday, January 16th.

Insider Buying and Selling

In other news, insider Laura A. Defelice purchased 56,801 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average price of $2.13 per share, with a total value of $120,986.13. Following the completion of the acquisition, the insider now owns 66,653 shares in the company, valued at $141,970.89. This trade represents a 576.54 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 14.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Integrated Advisors Network LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 3rd quarter worth approximately $27,000. Truist Financial Corp purchased a new stake in shares of Credit Suisse High Yield Bond Fund during the 2nd quarter valued at about $25,000. D.A. Davidson & CO. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the third quarter worth approximately $39,000. Apollon Wealth Management LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at approximately $92,000. Finally, Park Avenue Securities LLC lifted its position in Credit Suisse High Yield Bond Fund by 5.3% during the fourth quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing 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.