Home Hedge Funds Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Grows...

Short Interest in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Grows By 79.8%

11
0


Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHYGet Rating) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 79,100 shares, an increase of 79.8% from the May 15th total of 44,000 shares. Based on an average trading volume of 491,500 shares, the days-to-cover ratio is presently 0.2 days.

Several hedge funds have recently added to or reduced their stakes in DHY. Walleye Capital LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund during the first quarter worth $33,000. Centaurus Financial Inc. bought a new stake in Credit Suisse High Yield Bond Fund during the 1st quarter valued at about $33,000. GHP Investment Advisors Inc. bought a new position in Credit Suisse High Yield Bond Fund in the 4th quarter worth about $37,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth approximately $39,000. Finally, Sowa Financial Group Inc. bought a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter valued at approximately $42,000. 25.19% of the stock is owned by hedge funds and other institutional investors.

Credit Suisse High Yield Bond Fund stock opened at $1.97 on Monday. Credit Suisse High Yield Bond Fund has a twelve month low of $1.89 and a twelve month high of $2.57.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 23rd. Stockholders of record on Thursday, June 16th will be issued a $0.0155 dividend. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.19 annualized dividend and a dividend yield of 9.44%.

Credit Suisse High Yield Bond Fund Company Profile (Get Rating)

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 Articles



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.

Source link

Previous articleGermany, UAE joint investments in ‘new economy’ can tackle climate change: German envoy
Next articleGCM Grosvenor and Canoe Intelligence Announce New

LEAVE A REPLY

Please enter your comment!
Please enter your name here