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

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 125,700 shares, an increase of 173.9% from the July 15th total of 45,900 shares. Based on an average daily trading volume, of 406,100 shares, the days-to-cover ratio is presently 0.3 days.

Credit Suisse High Yield Bond Fund Trading Up 0.5 %

Shares of NYSEAMERICAN:DHY traded up $0.01 during midday trading on Thursday, hitting $2.10. 290,482 shares of the stock were exchanged, compared to its average volume of 468,061. Credit Suisse High Yield Bond Fund has a 52-week low of $1.78 and a 52-week high of $2.11.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its holdings in shares of Credit Suisse High Yield Bond Fund by 28.0% in the 4th quarter. Atria Wealth Solutions Inc. now owns 26,889 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 5,882 shares during the period. First Western Trust Bank bought a new position in Credit Suisse High Yield Bond Fund during the 1st quarter worth about $101,000. PFG Investments LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund in the first quarter worth $227,000. Thoroughbred Financial Services LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter valued at $36,000. Finally, IFG Advisory LLC acquired a new stake in Credit Suisse High Yield Bond Fund during the 2nd quarter worth approximately $72,000.

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.