Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Sees Large Drop in Short Interest

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 130,000 shares, a decline of 21.0% from the March 15th total of 164,500 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 670,500 shares, the short-interest ratio is presently 0.2 days.

Credit Suisse Asset Management Income Fund Stock Up 0.4 %

Shares of NYSEAMERICAN CIK traded up $0.01 during trading on Friday, reaching $2.70. 1,056,205 shares of the company traded hands, compared to its average volume of 471,301. Credit Suisse Asset Management Income Fund has a 52-week low of $2.56 and a 52-week high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0225 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.27 annualized dividend and a dividend yield of 10.00%.

Insider Buying and Selling

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice acquired 40,766 shares of Credit Suisse Asset Management Income Fund stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average cost of $2.92 per share, for a total transaction of $119,036.72. Following the acquisition, the insider now owns 47,402 shares of the company’s stock, valued at $138,413.84. This represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 18.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. IMS Capital Management boosted its stake in shares of Credit Suisse Asset Management Income Fund by 2.9% during the 4th quarter. IMS Capital Management now owns 201,321 shares of the company’s stock worth $582,000 after acquiring an additional 5,679 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in Credit Suisse Asset Management Income Fund by 15.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 62,826 shares of the company’s stock valued at $182,000 after purchasing an additional 8,337 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Credit Suisse Asset Management Income Fund by 63.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 22,731 shares of the company’s stock worth $66,000 after buying an additional 8,831 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Credit Suisse Asset Management Income Fund in the third quarter worth about $34,000. Finally, Jane Street Group LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter valued at about $37,000. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income 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 primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.