DHY Stock Summary and Trading Ideas (Credit Suisse High Yield Bond | AMEX:DHY)

The funds primary investment objective is to seek high current income. The fund invests primarily in below-investment-grade U.S. fixed income securities. It can leverage portfolio to attempt to enhance potential income and hedge against certain risks.

Credit Suisse High Yield Bond trades on the AMEX stock market under the symbol DHY.

As of May 16, 2024, DHY stock price climbed to $2.05 with 180,160 million shares trading.

DHY has a beta of 0.35, meaning it tends to be less sensitive to market movements. DHY has a correlation of 0.18 to the broad based SPY ETF.

DHY has a market cap of $212.20 million. This is considered a Small Cap stock.

In the last 3 years, DHY stock traded as high as $2.57 and as low as $1.65.

DHY has underperformed the market in the last year with a price return of +17.5% while the SPY ETF gained +29.6%. However, in the short term, DHY had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.4% vs +5.6% return in SPY. But in the last 2 weeks, DHY shares have been beat by the market, returning +2.8% compared to an SPY return of +5.7%.

DHY support price is $2.01 and resistance is $2.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DHY stock will trade within this expected range on the day.