Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Down 15.7% in October

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 379,700 shares, a decrease of 15.7% from the October 15th total of 450,200 shares. Based on an average daily trading volume, of 470,900 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Hedge funds have recently made changes to their positions in the stock. Robinson Capital Management LLC purchased a new stake in Credit Suisse High Yield Bond Fund in the first quarter valued at approximately $119,000. First Western Trust Bank purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the 1st quarter valued at $101,000. Cetera Advisors LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund in the 1st quarter valued at $245,000. Integrated Capital Management Inc. lifted its stake in Credit Suisse High Yield Bond Fund by 13.0% during the 2nd quarter. Integrated Capital Management Inc. now owns 94,676 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 10,903 shares in the last quarter. Finally, IFG Advisory LLC purchased a new position in Credit Suisse High Yield Bond Fund during the 2nd quarter valued at about $72,000.

Credit Suisse High Yield Bond Fund Stock Up 1.2 %

DHY stock traded up $0.03 during mid-day trading on Monday, hitting $2.18. 366,763 shares of the company were exchanged, compared to its average volume of 464,078. Credit Suisse High Yield Bond Fund has a 12-month low of $1.89 and a 12-month high of $2.27.

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.