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

by · The Cerbat Gem

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 450,200 shares, a decrease of 10.8% from the September 30th total of 504,600 shares. Based on an average daily trading volume, of 533,600 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

A number of institutional investors have recently modified their holdings of the business. IFG Advisory LLC purchased a new position in Credit Suisse High Yield Bond Fund during the second quarter valued at $72,000. Cetera Advisors LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund during the 1st quarter worth about $245,000. Thoroughbred Financial Services LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at about $36,000. First Western Trust Bank acquired a new stake in Credit Suisse High Yield Bond Fund in the 1st quarter worth about $101,000. Finally, Integrated Advisors Network LLC purchased a new stake in Credit Suisse High Yield Bond Fund during the 3rd quarter worth approximately $27,000.

Credit Suisse High Yield Bond Fund Stock Performance

DHY stock remained flat at $2.14 during midday trading on Thursday. 322,561 shares of the company traded hands, compared to its average volume of 472,392. Credit Suisse High Yield Bond Fund has a 52 week low of $1.79 and a 52 week high of $2.27.

Credit Suisse High Yield Bond Fund Company Profile

(Get Free Report)

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.

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