Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Up 100.5% in February

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 74,600 shares, an increase 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.

Credit Suisse High Yield Bond Fund Stock Up 1.4 %

Shares of NYSEAMERICAN:DHY traded up $0.03 on Friday, reaching $2.14. 292,896 shares of the company’s stock were exchanged, compared to its average volume of 360,402. The company’s fifty 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 company also recently announced a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a $0.0155 dividend. This represents a $0.19 annualized dividend and a dividend yield of 8.69%. The ex-dividend date of this dividend is Monday, March 17th.

Insiders Place Their Bets

In related news, insider Laura A. Defelice acquired 56,801 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was purchased 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 approximately $141,970.89. The trade was a 576.54 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 14.35% of the company’s stock.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Credit Suisse High Yield Bond Fund in the 4th quarter valued at approximately $26,000. D.A. Davidson & CO. bought a new position in shares of Credit Suisse High Yield Bond Fund during the 3rd quarter worth approximately $39,000. Avantax Advisory Services Inc. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $50,000. Integrated Advisors Network LLC grew its position in shares of 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 buying an additional 25,984 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at $92,000.

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.