Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Free Report) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 379,700 shares, a decline of 15.7% from the October 15th total of 450,200 shares. Based on an average daily trading volume, of 470,900 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Trading of Credit Suisse High Yield Bond Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new position in Credit Suisse High Yield Bond Fund during the first quarter worth $245,000. Integrated Capital Management Inc. increased its holdings in Credit Suisse High Yield Bond Fund by 13.0% in the second quarter. Integrated Capital Management Inc. now owns 94,676 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 10,903 shares in the last quarter. Robinson Capital Management LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund during the 1st quarter valued at approximately $119,000. First Western Trust Bank purchased a new stake in shares of Credit Suisse High Yield Bond Fund during the 1st quarter worth approximately $101,000. Finally, IFG Advisory LLC acquired a new stake in shares of Credit Suisse High Yield Bond Fund in the 2nd quarter worth approximately $72,000.
Credit Suisse High Yield Bond Fund Stock Up 0.9 %
DHY traded up $0.02 on Friday, hitting $2.17. 338,468 shares of the company traded hands, compared to its average volume of 464,517. Credit Suisse High Yield Bond Fund has a 12-month low of $1.89 and a 12-month high of $2.27.
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.
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