Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Get Rating) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $1.78. Credit Suisse High Yield Bond Fund shares last traded at $1.77, with a volume of 611,764 shares trading hands.
Credit Suisse High Yield Bond Fund Price Performance
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The company also recently announced a monthly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 16th were given a $0.0155 dividend. This represents a $0.19 annualized dividend and a yield of 10.51%. The ex-dividend date of this dividend was Wednesday, March 15th.
Insider Buying and Selling at Credit Suisse High Yield Bond Fund
In other Credit Suisse High Yield Bond Fund news, CIO Thomas J. Flannery acquired 45,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 10th. The stock was acquired at an average cost of $1.84 per share, with a total value of $82,800.00. Following the acquisition, the executive now directly owns 195,000 shares of the company's stock, valued at approximately $358,800. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 14.35% of the stock is owned by company insiders.
Institutional Investors Weigh In On Credit Suisse High Yield Bond Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Money Concepts Capital Corp bought a new position in shares of Credit Suisse High Yield Bond Fund in the fourth quarter valued at approximately $31,000. Morgan Stanley boosted its stake in Credit Suisse High Yield Bond Fund by 5.9% during the 4th quarter. Morgan Stanley now owns 542,027 shares of the real estate investment trust's stock valued at $954,000 after purchasing an additional 30,361 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of Credit Suisse High Yield Bond Fund by 87.7% during the 4th quarter. Susquehanna International Group LLP now owns 93,634 shares of the real estate investment trust's stock valued at $165,000 after purchasing an additional 43,736 shares during the period. Cetera Investment Advisers raised its stake in shares of Credit Suisse High Yield Bond Fund by 9.8% in the 4th quarter. Cetera Investment Advisers now owns 99,372 shares of the real estate investment trust's stock worth $175,000 after buying an additional 8,887 shares in the last quarter. Finally, HRT Financial LP lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 36.7% in the fourth quarter. HRT Financial LP now owns 43,631 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 11,712 shares during the period. 13.43% of the stock is currently owned by institutional investors.
About Credit Suisse High Yield Bond Fund
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Credit Suisse High Yield Bond Fund is a non-diversified, closed-end management investment fund, which engages in seeking high current income investment. It seeks to deliver attractive returns from U.S. high yield bond markets to investors. The firm's investment strategy is to maximize total return from monetizing macroeconomic themes and exploiting sector and issuer performance and rating dispersion.
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