Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Down 87.1% in February

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 11,700 shares, a decline of 87.1% from the February 13th total of 91,000 shares. Based on an average daily trading volume, of 628,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Credit Suisse Asset Management Income Fund Trading Up 0.7 %

CIK traded up $0.02 during mid-day trading on Wednesday, reaching $2.93. 636,321 shares of the company traded hands, compared to its average volume of 636,637. Credit Suisse Asset Management Income Fund has a 52-week low of $2.82 and a 52-week high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a yield of 9.22%. The ex-dividend date of this dividend is Monday, March 17th.

Insiders Place Their Bets

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice purchased 40,766 shares of the stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average cost of $2.92 per share, with a total value of $119,036.72. Following the completion of the acquisition, the insider now directly owns 47,402 shares in the company, valued at $138,413.84. This trade represents a 614.32 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CIK. HighTower Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter worth $34,000. Jane Street Group LLC purchased a new position in Credit Suisse Asset Management Income Fund during the third quarter valued at $37,000. Dynamic Advisor Solutions LLC grew its holdings in Credit Suisse Asset Management Income Fund by 20.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock valued at $157,000 after purchasing an additional 9,150 shares during the period. IMS Capital Management increased its position in Credit Suisse Asset Management Income Fund by 2.9% in the fourth quarter. IMS Capital Management now owns 201,321 shares of the company’s stock worth $582,000 after buying an additional 5,679 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of 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 during the period. 29.49% of the stock is owned by hedge funds and other institutional investors.

Credit Suisse Asset Management Income Fund Company Profile

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.