Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Down 73.4% in February

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 37,200 shares, a drop of 73.4% from the January 31st total of 140,000 shares. Based on an average daily trading volume, of 388,300 shares, the days-to-cover ratio is currently 0.1 days.

Credit Suisse High Yield Bond Fund Price Performance

Shares of DHY stock remained flat at $2.15 during mid-day trading on Friday. 299,681 shares of the company’s stock traded hands, compared to its average volume of 375,961. Credit Suisse High Yield Bond Fund has a 1-year low of $1.95 and a 1-year high of $2.27.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid a dividend of $0.0155 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.19 annualized dividend and a yield of 8.65%.

Insider Activity at Credit Suisse High Yield Bond Fund

In other news, insider Laura A. Defelice purchased 56,801 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of $2.13 per share, with a total value of $120,986.13. Following the transaction, the insider now owns 66,653 shares of the company’s stock, valued at $141,970.89. This represents a 576.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Several institutional investors have recently added to or reduced their stakes in the business. Integrated Advisors Network LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 3rd quarter worth $27,000. D.A. Davidson & CO. purchased a new position in shares of Credit Suisse High Yield Bond Fund in the third quarter worth about $39,000. Park Avenue Securities LLC raised its stake in shares of Credit Suisse High Yield Bond Fund by 5.3% in the fourth quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 24,667 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth about $92,000. Finally, Raymond James Financial Inc. purchased a new stake in Credit Suisse High Yield Bond Fund in the fourth quarter valued at approximately $26,000.

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.