Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.08 and traded as low as $1.98. Credit Suisse High Yield Bond Fund shares last traded at $1.99, with a volume of 671,619 shares trading hands.

Credit Suisse High Yield Bond Fund Price Performance

The business has a 50-day simple moving average of $2.05 and a two-hundred day simple moving average of $2.08.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.0155 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 9.3%.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

A number of institutional investors have recently modified their holdings of the company. Adapt Wealth Advisors LLC bought a new stake in shares of Credit Suisse High Yield Bond Fund during the 3rd quarter worth $31,000. Allworth Financial LP bought a new stake in Credit Suisse High Yield Bond Fund during the second quarter valued at about $43,000. Integrity Advisory Solutions LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the third quarter valued at about $44,000. Osaic Holdings Inc. grew its position in shares of Credit Suisse High Yield Bond Fund by 227.2% in the second 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, Susquehanna International Group LLP increased its stake in shares of Credit Suisse High Yield Bond Fund by 73.8% in the third quarter. Susquehanna International Group LLP now owns 30,583 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 12,982 shares during the period.

Credit Suisse High Yield Bond Fund Company Profile

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.