Short Interest in Credit Suisse High Yield Bond Fund (DHY) Increases By 4.2%

Credit Suisse High Yield Bond Fund (NYSE:DHY) saw a significant increase in short interest in September. As of September 29th, there was short interest totalling 578,626 shares, an increase of 4.2% from the September 15th total of 555,475 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 290,399 shares, the days-to-cover ratio is presently 2.0 days.

Shares of Credit Suisse High Yield Bond Fund (DHY) traded down 0.17% on Tuesday, reaching $2.87. The company had a trading volume of 218,375 shares. The company’s 50 day moving average price is $2.85 and its 200-day moving average price is $2.82. Credit Suisse High Yield Bond Fund has a 1-year low of $2.17 and a 1-year high of $2.91.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 24th. Investors of record on Wednesday, October 18th will be issued a $0.022 dividend. The ex-dividend date is Tuesday, October 17th. This represents a $0.26 annualized dividend and a yield of 9.20%.

A number of institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in Credit Suisse High Yield Bond Fund by 17.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 958,903 shares of the real estate investment trust’s stock valued at $2,714,000 after purchasing an additional 142,187 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Credit Suisse High Yield Bond Fund by 50.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 489,308 shares of the real estate investment trust’s stock valued at $1,379,000 after purchasing an additional 164,196 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Credit Suisse High Yield Bond Fund by 2.0% in the 2nd quarter. Wells Fargo & Company MN now owns 243,449 shares of the real estate investment trust’s stock valued at $689,000 after purchasing an additional 4,677 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at approximately $458,000. Finally, IFC Holdings Incorporated FL increased its holdings in Credit Suisse High Yield Bond Fund by 27.1% in the 2nd quarter. IFC Holdings Incorporated FL now owns 160,597 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 34,256 shares during the last quarter.

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About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income. The Fund will also seek capital appreciation as a secondary objective. The Fund invests in various sectors, such as advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, diversified capital goods, electronics, energy-exploration and production, food-wholesale, forestry and paper, gaming, gas distribution, real estate investment trusts, software-services, specialty retail, steel producers/products, support-services, theaters and entertainment, transport infrastructure/services, aerospace and defense, machinery, collateralized debt obligations and health facilities.

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