Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Large Growth in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 74,600 shares, a growth of 100.5% from the February 13th total of 37,200 shares. Based on an average daily trading volume, of 363,600 shares, the days-to-cover ratio is presently 0.2 days.

Insiders Place Their Bets

In other Credit Suisse High Yield Bond Fund news, insider Laura A. Defelice purchased 56,801 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the completion of the transaction, the insider now directly owns 66,653 shares of the company’s stock, valued at $141,970.89. This trade represents a 576.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 14.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

A number of hedge funds have recently made changes to their positions in DHY. Jane Street Group LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at $197,000. LPL Financial LLC boosted its holdings in shares of 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 position in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at $92,000. Integrated Advisors Network LLC boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 216.9% in the 4th quarter. Integrated Advisors Network LLC now owns 37,964 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 25,984 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 5.3% in the 4th 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 last quarter.

Credit Suisse High Yield Bond Fund Trading Up 1.4 %

Shares of NYSEAMERICAN DHY opened at $2.14 on Friday. Credit Suisse High Yield Bond Fund has a 1 year low of $1.96 and a 1 year high of $2.27. The stock’s 50 day moving average price is $2.13.

Credit Suisse High Yield Bond Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a dividend of $0.0155 per share. The ex-dividend date is Monday, March 17th. This represents a $0.19 dividend on an annualized basis and a yield of 8.69%.

Credit Suisse High Yield Bond Fund Company Profile

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.