Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Stock Position Reduced by Sit Investment Associates Inc.

Sit Investment Associates Inc. decreased its stake in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,514,786 shares of the real estate investment trust’s stock after selling 28,157 shares during the quarter. Sit Investment Associates Inc.’s holdings in Credit Suisse High Yield Bond Fund were worth $6,643,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Integrated Capital Management Inc. lifted its holdings in shares of Credit Suisse High Yield Bond Fund by 261.6% during the 2nd quarter. Integrated Capital Management Inc. now owns 84,657 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 61,242 shares during the last quarter. Vantage Financial Partners LLC acquired a new stake in Credit Suisse High Yield Bond Fund in the first quarter valued at approximately $46,000. Mutual Advisors LLC grew its position in Credit Suisse High Yield Bond Fund by 13.8% in the second quarter. Mutual Advisors LLC now owns 85,973 shares of the real estate investment trust’s stock worth $162,000 after acquiring an additional 10,403 shares in the last quarter. Atlas Private Wealth Advisors acquired a new position in shares of Credit Suisse High Yield Bond Fund during the 2nd quarter worth $25,000. Finally, Walleye Capital LLC bought a new position in shares of Credit Suisse High Yield Bond Fund during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 15.49% of the company’s stock.

Credit Suisse High Yield Bond Fund Stock Performance

DHY stock opened at $1.92 on Wednesday. Credit Suisse High Yield Bond Fund, Inc. has a 1 year low of $1.65 and a 1 year high of $2.03.

Credit Suisse High Yield Bond Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 17th will be given a $0.0155 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 9.69%.

Credit Suisse High Yield Bond Fund Profile

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.