Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Grows By 97.0%

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 164,700 shares, an increase of 97.0% from the August 31st total of 83,600 shares. Based on an average trading volume of 560,200 shares, the days-to-cover ratio is currently 0.3 days.

Credit Suisse High Yield Bond Fund Stock Performance

DHY stock remained flat at $2.21 during midday trading on Friday. The company’s stock had a trading volume of 222,861 shares, compared to its average volume of 480,999. Credit Suisse High Yield Bond Fund has a one year low of $1.78 and a one year high of $2.21.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Market Strategies LLC bought a new position in shares of Credit Suisse High Yield Bond Fund during the first quarter valued at $25,000. Truist Financial Corp bought a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter valued at about $25,000. Thoroughbred Financial Services LLC bought a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter valued at about $36,000. IFG Advisory LLC acquired a new position in Credit Suisse High Yield Bond Fund during the 2nd quarter worth about $72,000. Finally, First Western Trust Bank bought a new stake in Credit Suisse High Yield Bond Fund during the 1st quarter worth about $101,000.

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.