Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Shares Shorted: Short Interest Up 160.6% in October

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 157,021 shares, a growth of 160.6% from the September 30th total of 60,265 shares. Based on an average daily volume of 78,800 shares, the short-interest ratio is currently 2.0 days. Currently, 1.3% of the company’s stock are sold short.

Credit Suisse High Yield Bond Fund Stock Down 0.2%

NYSEAMERICAN DHY traded down $0.04 on Friday, hitting $16.58. 46,865 shares of the stock were exchanged, compared to its average volume of 76,065. The stock has a fifty day moving average price of $16.51 and a two-hundred day moving average price of $17.90. Credit Suisse High Yield Bond Fund has a 52-week low of $15.00 and a 52-week high of $20.90.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 15th were issued a dividend of $0.1550 per share. This represents a $1.86 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date was Thursday, October 15th.

Institutional Trading of Credit Suisse High Yield Bond Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rareview Capital LLC bought a new position in shares of Credit Suisse High Yield Bond Fund during the second quarter valued at $1,861,000. Integrated Wealth Concepts LLC lifted its stake in Credit Suisse High Yield Bond Fund by 533.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 119,546 shares during the last quarter. Integrated Advisors Network LLC boosted its stake in Credit Suisse High Yield Bond Fund by 129.4% during the first quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 54,926 shares in the last quarter. WealthTrust Asset Management LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the first quarter valued at about $41,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Credit Suisse High Yield Bond Fund in the fourth quarter worth $40,000.

About Credit Suisse High Yield Bond Fund

Credit Suisse High Yield Bond Fund is a closed-end investment fund that seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade corporate debt securities, commonly known as high-yield or “junk” bonds.

The fund’s portfolio may include bonds and other debt obligations issued by companies across a range of industries and geographic markets. These securities generally offer higher income potential than investment-grade bonds but also involve greater credit, interest-rate and market risks.

The fund was established to provide shareholders with professionally managed exposure to the high-yield bond market through a diversified portfolio.