Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 42,261 shares, a drop of 73.6% from the January 15th total of 160,335 shares. Based on an average daily volume of 405,135 shares, the short-interest ratio is currently 0.1 days.
In other Credit Suisse High Yield Bond Fund news, insider Americas Holding Corp. Csam sold 96,450 shares of the firm’s stock in a transaction on Friday, January 4th. The shares were sold at an average price of $2.19, for a total transaction of $211,225.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Institutional investors have recently modified their holdings of the business. RMB Capital Management LLC purchased a new position in Credit Suisse High Yield Bond Fund during the 4th quarter worth $667,000. Stratos Wealth Partners LTD. grew its position in Credit Suisse High Yield Bond Fund by 12.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 393,876 shares of the real estate investment trust’s stock worth $855,000 after purchasing an additional 45,130 shares during the last quarter. Shaker Financial Services LLC purchased a new position in Credit Suisse High Yield Bond Fund during the 4th quarter worth $35,000. Doliver Capital Advisors LP purchased a new position in Credit Suisse High Yield Bond Fund during the 4th quarter worth $402,000. Finally, Park Avenue Securities LLC boosted its holdings in shares of Credit Suisse High Yield Bond Fund by 17.5% in the fourth quarter. Park Avenue Securities LLC now owns 98,419 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 14,644 shares in the last quarter.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 25th. Shareholders of record on Tuesday, February 19th will be given a dividend of $0.019 per share. This represents a $0.23 annualized dividend and a yield of 9.66%. The ex-dividend date is Friday, February 15th.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.com-unik.info/2019/02/14/credit-suisse-high-yield-bond-fund-dhy-short-interest-down-73-6-in-january.html.
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.
Featured Story: How analysts view the yield curve
Receive News & Ratings for Credit Suisse High Yield Bond Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse High Yield Bond Fund and related companies with MarketBeat.com's FREE daily email newsletter.