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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 164,500 shares, a growth of 1,306.0% from the February 28th total of 11,700 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 625,600 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity

In related news, insider Laura A. Defelice acquired 40,766 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of $2.92 per share, with a total value of $119,036.72. Following the completion of the transaction, the insider now 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 18.63% of the company’s stock.

Institutional Trading of Credit Suisse Asset Management Income Fund

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $34,000. Jane Street Group LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at about $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 worth $157,000 after acquiring an additional 9,150 shares in the last quarter. IMS Capital Management lifted its stake in Credit Suisse Asset Management Income Fund by 2.9% during the fourth quarter. IMS Capital Management now owns 201,321 shares of the company’s stock worth $582,000 after purchasing an additional 5,679 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted 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 purchasing an additional 8,831 shares in the last quarter. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

Credit Suisse Asset Management Income Fund Price Performance

CIK traded down $0.01 on Wednesday, hitting $2.91. 893,710 shares of the company were exchanged, compared to its average volume of 436,057. Credit Suisse Asset Management Income Fund has a twelve month low of $2.82 and a twelve month high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

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

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.