Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Free Report) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 138,200 shares, a decrease of 74.7% from the December 31st total of 546,300 shares. Based on an average trading volume of 371,200 shares, the days-to-cover ratio is currently 0.4 days.
Insider Activity at Credit Suisse High Yield Bond Fund
In related news, insider Laura A. Defelice bought 56,801 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of $2.13 per share, for a total transaction of $120,986.13. Following 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.35% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of DHY. Park Avenue Securities LLC grew its stake in Credit Suisse High Yield Bond Fund by 5.3% in the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 24,667 shares in the last quarter. Integrated Advisors Network LLC bought a new position in Credit Suisse High Yield Bond Fund in the third quarter worth approximately $27,000. D.A. Davidson & CO. purchased a new position in Credit Suisse High Yield Bond Fund during the 3rd quarter worth $39,000. Apollon Wealth Management LLC bought a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter valued at $92,000. Finally, Truist Financial Corp bought a new stake in Credit Suisse High Yield Bond Fund during the 2nd quarter valued at $25,000.
Credit Suisse High Yield Bond Fund Price Performance
Credit Suisse High Yield Bond Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 16th were paid a $0.0155 dividend. This represents a $0.19 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend was 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.
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