Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Update

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 164,500 shares, an increase of 1,306.0% from the February 28th total of 11,700 shares. Based on an average trading volume of 625,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, insider Laura A. Defelice bought 40,766 shares of Credit Suisse Asset Management Income Fund stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price 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 of the company’s stock, valued at $138,413.84. The trade was a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in CIK. HighTower Advisors LLC acquired a new stake in Credit Suisse Asset Management Income Fund during the third quarter worth about $34,000. Jane Street Group LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $37,000. Dynamic Advisor Solutions LLC raised its position in shares of Credit Suisse Asset Management Income Fund by 20.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock valued at $157,000 after buying an additional 9,150 shares during the period. IMS Capital Management lifted its holdings 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 valued at $582,000 after acquiring an additional 5,679 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings 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 valued at $66,000 after acquiring an additional 8,831 shares during the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Stock Down 0.3 %

NYSEAMERICAN CIK traded down $0.01 during trading hours on Wednesday, hitting $2.91. 893,710 shares of the company’s stock traded hands, compared to its average volume of 436,057. 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 Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were given a $0.0225 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.28%.

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.