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 significant decline in short interest in November. As of November 15th, there was short interest totalling 331,500 shares, a decline of 12.7% from the October 31st total of 379,700 shares. Based on an average trading volume of 452,200 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund

Several large investors have recently made changes to their positions in the company. D.A. Davidson & CO. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the third quarter worth about $39,000. Integrated Advisors Network LLC bought a new stake in Credit Suisse High Yield Bond Fund during the third quarter worth approximately $27,000. Truist Financial Corp bought a new stake in Credit Suisse High Yield Bond Fund during the second quarter worth approximately $25,000. Thoroughbred Financial Services LLC bought a new stake in Credit Suisse High Yield Bond Fund during the second quarter worth approximately $36,000. Finally, IFG Advisory LLC bought a new stake in Credit Suisse High Yield Bond Fund during the second quarter worth approximately $72,000.

Credit Suisse High Yield Bond Fund Stock Performance

Shares of Credit Suisse High Yield Bond Fund stock remained flat at $2.20 during trading hours on Tuesday. The stock had a trading volume of 288,533 shares, compared to its average volume of 376,542. Credit Suisse High Yield Bond Fund has a fifty-two week low of $1.90 and a fifty-two week 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.