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 April 19, 2024, DHY stock price was flat at $1.98 with 151,216 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 0.15 to the broad based SPY ETF.

DHY has a market cap of $204.96 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 return of +13.8%, while the SPY ETF gained +21.2%. In the last 3 month period, DHY fell short of the market, returning +2.9%, while SPY returned +4.3%. However, in the most recent 2 weeks DHY has outperformed the stock market by returning -0.7%, while SPY returned -3.5%.

DHY support price is $1.96 and resistance is $2.00 (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.