Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Shares Pass Below 200 Day Moving Average – What’s Next?

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.05 and traded as low as $1.94. Credit Suisse High Yield Bond Fund shares last traded at $1.94, with a volume of 495,557 shares.

Credit Suisse High Yield Bond Fund Trading Down 0.5%

The firm’s 50-day moving average price is $2.00 and its 200-day moving average price is $2.05.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Tuesday, February 17th were paid a $0.0155 dividend. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend was Tuesday, February 17th.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Adapt Wealth Advisors LLC purchased a new position in Credit Suisse High Yield Bond Fund during the third quarter worth $31,000. Allworth Financial LP bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 2nd quarter worth about $43,000. Integrity Advisory Solutions LLC purchased a new position in shares of Credit Suisse High Yield Bond Fund during the 3rd quarter worth about $44,000. Osaic Holdings Inc. grew its holdings in Credit Suisse High Yield Bond Fund by 227.2% during the 2nd quarter. Osaic Holdings Inc. now owns 24,628 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 17,101 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Credit Suisse High Yield Bond Fund during the 4th quarter valued at about $51,000.

About Credit Suisse High Yield Bond Fund

The Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.

In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers’ fundamentals, cash flow profiles, and relative valuations.