Short Interest in Credit Suisse High Yield Bond Fund (DHY) Rises By 4.2%

Credit Suisse High Yield Bond Fund (NYSE:DHY) was the recipient of a large increase in short interest in September. As of September 29th, there was short interest totalling 578,626 shares, an increase of 4.2% from the September 15th total of 555,475 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 290,399 shares, the short-interest ratio is currently 2.0 days.

Credit Suisse High Yield Bond Fund (DHY) opened at 2.88 on Friday. Credit Suisse High Yield Bond Fund has a 12-month low of $2.17 and a 12-month high of $2.91. The firm has a 50-day moving average price of $2.85 and a 200 day moving average price of $2.82.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 24th. Investors of record on Wednesday, October 18th will be issued a dividend of $0.022 per share. This represents a $0.26 dividend on an annualized basis and a yield of 9.17%. The ex-dividend date is Tuesday, October 17th.

A number of hedge funds have recently modified their holdings of DHY. Stratos Wealth Partners LTD. acquired a new stake in Credit Suisse High Yield Bond Fund during the second quarter worth approximately $458,000. IFC Holdings Incorporated FL lifted its position in Credit Suisse High Yield Bond Fund by 27.1% during the second quarter. IFC Holdings Incorporated FL now owns 160,597 shares of the real estate investment trust’s stock worth $451,000 after acquiring an additional 34,256 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Credit Suisse High Yield Bond Fund by 17.4% during the second quarter. Advisors Asset Management Inc. now owns 958,903 shares of the real estate investment trust’s stock worth $2,714,000 after acquiring an additional 142,187 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Credit Suisse High Yield Bond Fund by 43.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 37,639 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 11,328 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Credit Suisse High Yield Bond Fund by 2.0% during the second quarter. Wells Fargo & Company MN now owns 243,449 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 4,677 shares during the last quarter.

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About Credit Suisse High Yield Bond Fund

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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