Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Sees Large Drop in Short Interest

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 450,200 shares, a decrease of 10.8% from the September 30th total of 504,600 shares. Based on an average trading volume of 533,600 shares, the days-to-cover ratio is currently 0.8 days.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of NYSEAMERICAN:DHY traded up $0.01 during trading on Thursday, reaching $2.15. 322,463 shares of the company’s stock traded hands, compared to its average volume of 472,392. Credit Suisse High Yield Bond Fund has a fifty-two week low of $1.79 and a fifty-two week high of $2.27.

Institutional Trading of Credit Suisse High Yield Bond Fund

A number of institutional investors and hedge funds have recently made changes to their positions in DHY. Truist Financial Corp purchased a new position in shares of Credit Suisse High Yield Bond Fund during the 2nd quarter valued at approximately $25,000. Integrated Advisors Network LLC acquired a new position in Credit Suisse High Yield Bond Fund during the third quarter worth $27,000. Thoroughbred Financial Services LLC purchased a new position in Credit Suisse High Yield Bond Fund during the second quarter valued at $36,000. IFG Advisory LLC purchased a new stake in shares of Credit Suisse High Yield Bond Fund during the second quarter worth about $72,000. Finally, First Western Trust Bank purchased a new position in Credit Suisse High Yield Bond Fund in the 1st quarter valued at about $101,000.

About Credit Suisse High Yield Bond Fund

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.