Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 339,089 shares, a drop of 27.8% from the February 15th total of 469,354 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 243,411 shares, the short-interest ratio is currently 1.4 days.
NYSEAMERICAN DHY traded up $0.02 during trading hours on Monday, reaching $2.66. 173,800 shares of the company were exchanged, compared to its average volume of 279,546. Credit Suisse High Yield Bond Fund has a 1 year low of $2.60 and a 1 year high of $2.91.
The business also recently disclosed a monthly dividend, which was paid on Thursday, March 22nd. Investors of record on Friday, March 16th were issued a dividend of $0.02 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.24 dividend on an annualized basis and a yield of 9.02%.
In other news, insider Americas Holding Corp. Csam purchased 65,917 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were bought at an average cost of $2.66 per share, with a total value of $175,339.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 121,135 shares of company stock worth $322,771 over the last three months.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Allied Advisory Services Inc. increased its holdings in Credit Suisse High Yield Bond Fund by 87.9% during the fourth quarter. First Allied Advisory Services Inc. now owns 62,000 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 29,000 shares during the last quarter. Mariner Wealth Advisors LLC purchased a new stake in Credit Suisse High Yield Bond Fund during the fourth quarter worth about $206,000. Finally, Belpointe Asset Management LLC purchased a new stake in Credit Suisse High Yield Bond Fund during the third quarter worth about $267,000.
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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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