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

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

Credit Suisse Asset Management Income Fund Price Performance

Shares of CIK stock traded up $0.02 during mid-day trading on Wednesday, hitting $2.93. The company had a trading volume of 636,321 shares, 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a $0.0225 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.27 annualized dividend and a dividend yield of 9.22%.

Insiders Place Their Bets

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice bought 40,766 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average price of $2.92 per share, with a total value of $119,036.72. Following the purchase, the insider now owns 47,402 shares of the company’s stock, valued at $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 18.63% of the company’s stock.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in Credit Suisse Asset Management Income Fund during the fourth quarter valued at $253,000. HighTower Advisors LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter valued at about $34,000. Jane Street Group LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at about $37,000. Atria Wealth Solutions Inc. lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 63.5% in the 4th 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. Finally, Dynamic Advisor Solutions LLC grew its position in Credit Suisse Asset Management Income Fund by 20.2% in the fourth 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. 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.