Sit Investment Associates Inc. Sells 377,679 Shares of Credit Suisse High Yield Bond Fund, Inc. $DHY

Sit Investment Associates Inc. decreased its position in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) by 60.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 244,296 shares of the real estate investment trust’s stock after selling 377,679 shares during the quarter. Sit Investment Associates Inc. owned about 0.24% of Credit Suisse High Yield Bond Fund worth $489,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in DHY. IHT Wealth Management LLC acquired a new stake in Credit Suisse High Yield Bond Fund during the 4th quarter worth approximately $74,000. Boothbay Fund Management LLC bought a new position in Credit Suisse High Yield Bond Fund during the 4th quarter worth $77,000. Equitable Holdings Inc. increased its position in Credit Suisse High Yield Bond Fund by 34.6% during the 4th quarter. Equitable Holdings Inc. now owns 73,417 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 18,872 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth $51,000. Finally, Winter & Associates Inc. acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the fourth quarter worth $53,000.

Credit Suisse High Yield Bond Fund Price Performance

Shares of Credit Suisse High Yield Bond Fund stock opened at $1.74 on Friday. The firm has a 50-day moving average of $1.78 and a 200-day moving average of $1.90. Credit Suisse High Yield Bond Fund, Inc. has a 52-week low of $1.72 and a 52-week high of $2.15.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a $0.0155 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Insider Buying and Selling

In related news, insider Charles Gerber acquired 16,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average cost of $1.88 per share, with a total value of $30,080.00. Following the acquisition, the insider directly owned 16,000 shares of the company’s stock, valued at approximately $30,080. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.35% of the stock is currently owned by company insiders.

Credit Suisse High Yield Bond Fund 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.