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

Posted by Jessica Moore on Sep 28th, 2024

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 164,700 shares, a growth 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 presently 0.3 days.

Credit Suisse High Yield Bond Fund Stock Performance

Credit Suisse High Yield Bond Fund stock remained flat at $2.21 during trading hours on Friday. 222,861 shares of the company’s stock were exchanged, compared to its average volume of 480,999. Credit Suisse High Yield Bond Fund has a 52 week low of $1.78 and a 52 week high of $2.21.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several large investors have recently bought and sold shares of the business. Capital Market Strategies LLC acquired a new position in Credit Suisse High Yield Bond Fund in the first quarter valued at about $25,000. Truist Financial Corp acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the 2nd quarter valued at approximately $25,000. Thoroughbred Financial Services LLC bought a new position in Credit Suisse High Yield Bond Fund during the 2nd quarter worth approximately $36,000. IFG Advisory LLC acquired a new position in Credit Suisse High Yield Bond Fund during the second quarter valued at approximately $72,000. Finally, First Western Trust Bank bought a new stake in Credit Suisse High Yield Bond Fund in the first quarter valued at approximately $101,000.

Credit Suisse High Yield Bond Fund Company Profile

(Get Free Report)

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.