Credit Suisse High Yield Bond Fund (NYSE:DHY) Sees Large Increase in Short Interest
Credit Suisse High Yield Bond Fund (NYSE:DHY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 707,068 shares, an increase of 88.2% from the June 15th total of 375,640 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 262,822 shares, the short-interest ratio is presently 2.7 days.
Shares of Credit Suisse High Yield Bond Fund (DHY) traded down 0.69% during trading on Wednesday, reaching $2.87. The company’s stock had a trading volume of 371,026 shares. The company’s 50-day moving average price is $2.82 and its 200 day moving average price is $2.73. Credit Suisse High Yield Bond Fund has a 1-year low of $2.17 and a 1-year high of $2.91.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 25th. Shareholders of record on Wednesday, July 19th will be paid a dividend of $0.022 per share. The ex-dividend date of this dividend is Monday, July 17th. This represents a $0.26 annualized dividend and a yield of 9.20%.
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Credit Suisse High Yield Bond Fund Company Profile
Credit Suisse High Yield Bond Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income. The Fund will also seek capital appreciation as a secondary objective. The Fund invests in various sectors, such as advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, diversified capital goods, electronics, energy-exploration and production, food-wholesale, forestry and paper, gaming, gas distribution, real estate investment trusts, software-services, specialty retail, steel producers/products, support-services, theaters and entertainment, transport infrastructure/services, aerospace and defense, machinery, collateralized debt obligations and health facilities.
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