Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Up 76.4% in March

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 131,600 shares, an increase of 76.4% from the February 28th total of 74,600 shares. Based on an average daily trading volume, of 359,200 shares, the short-interest ratio is currently 0.4 days.

Credit Suisse High Yield Bond Fund Trading Up 0.5 %

Shares of Credit Suisse High Yield Bond Fund stock traded up $0.01 during trading hours on Friday, hitting $2.14. The company had a trading volume of 518,147 shares, compared to its average volume of 402,941. The company’s 50-day moving average price is $2.13. Credit Suisse High Yield Bond Fund has a twelve month low of $1.96 and a twelve month high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a $0.0155 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.19 annualized dividend and a yield of 8.69%.

Insider Buying and Selling at Credit Suisse High Yield Bond Fund

In related news, insider Laura A. Defelice purchased 56,801 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the completion of the purchase, the insider now directly owns 66,653 shares of the company’s stock, valued at approximately $141,970.89. This trade represents a 576.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Several hedge funds have recently made changes to their positions in DHY. Jane Street Group LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at approximately $197,000. LPL Financial LLC raised its position in Credit Suisse High Yield Bond Fund by 10.0% in the 4th quarter. LPL Financial LLC now owns 811,454 shares of the real estate investment trust’s stock valued at $1,737,000 after purchasing an additional 73,600 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth $92,000. Integrated Advisors Network LLC grew its position in Credit Suisse High Yield Bond Fund by 216.9% during the 4th quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 25,984 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in Credit Suisse High Yield Bond Fund by 5.3% in 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.