Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Short Interest Up 97.0% in September

Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 164,700 shares, an increase of 97.0% from the August 31st total of 83,600 shares. Based on an average daily trading volume, of 560,200 shares, the short-interest ratio is currently 0.3 days.

Credit Suisse High Yield Bond Fund Price Performance

DHY remained flat at $2.21 during midday trading on Friday. 222,861 shares of the company’s stock were exchanged, compared to its average volume of 480,999. Credit Suisse High Yield Bond Fund has a one year low of $1.78 and a one year high of $2.21.

Hedge Funds Weigh In On Credit Suisse High Yield Bond Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Market Strategies LLC acquired a new position in Credit Suisse High Yield Bond Fund during the first quarter worth about $25,000. Truist Financial Corp acquired a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter valued at approximately $25,000. Thoroughbred Financial Services LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter valued at approximately $36,000. IFG Advisory LLC acquired a new position in shares of Credit Suisse High Yield Bond Fund in the second quarter valued at approximately $72,000. Finally, First Western Trust Bank acquired a new position in shares of Credit Suisse High Yield Bond Fund in the first quarter valued at approximately $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.