Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.93 and traded as low as $1.76. Credit Suisse High Yield Bond Fund shares last traded at $1.76, with a volume of 493,501 shares trading hands.

Credit Suisse High Yield Bond Fund Stock Performance

The firm’s 50 day moving average price is $1.82 and its two-hundred day moving average price is $1.93.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.0155 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date was Monday, May 4th.

Insider Activity at Credit Suisse High Yield Bond Fund

In related news, insider Charles Gerber acquired 16,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average cost of $1.88 per share, with a total value of $30,080.00. Following the completion of the transaction, the insider directly owned 16,000 shares of the company’s stock, valued at $30,080. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 14.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Credit Suisse High Yield Bond Fund

Several institutional investors have recently added to or reduced their stakes in DHY. Commonwealth Equity Services LLC boosted its holdings in Credit Suisse High Yield Bond Fund by 522.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 415,826 shares of the real estate investment trust’s stock valued at $832,000 after purchasing an additional 349,002 shares during the period. Invesco Ltd. raised its position in Credit Suisse High Yield Bond Fund by 26.9% during the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust’s stock valued at $2,659,000 after purchasing an additional 264,382 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Credit Suisse High Yield Bond Fund by 47.3% during the 4th quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock worth $1,224,000 after buying an additional 196,469 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 17.5% in the fourth quarter. Wells Fargo & Company MN now owns 608,262 shares of the real estate investment trust’s stock worth $1,217,000 after acquiring an additional 90,611 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its stake in Credit Suisse High Yield Bond Fund by 129.4% in the 1st quarter. Integrated Advisors Network LLC now owns 97,380 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 54,926 shares during the last quarter.

Credit Suisse High Yield Bond Fund Company Profile

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.