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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a significant increase in short interest during the month of 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. Currently, 0.4% of the shares of the 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 Buying and Selling

In related news, insider Laura A. Defelice bought 40,766 shares of Credit Suisse Asset Management Income Fund stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased 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 in the company, valued at $138,413.84. This represents a 614.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 18.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of Credit Suisse Asset Management Income Fund by 8.8% in the 4th quarter. LPL Financial LLC now owns 1,624,704 shares of the company’s stock valued at $4,695,000 after purchasing an additional 131,598 shares during the last quarter. Invesco Ltd. raised its position in shares of Credit Suisse Asset Management Income Fund by 21.7% in the 4th quarter. Invesco Ltd. now owns 467,185 shares of the company’s stock worth $1,350,000 after buying an additional 83,246 shares during the period. IMS Capital Management boosted 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. Landscape Capital Management L.L.C. purchased a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter valued at about $409,000. Finally, Shaker Financial Services LLC acquired a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter worth about $263,000. 29.49% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Stock Performance

NYSEAMERICAN CIK traded down $0.02 during mid-day trading on Thursday, reaching $2.90. 678,949 shares of the stock were exchanged, compared to its average volume of 639,324. Credit Suisse Asset Management Income Fund has a 1-year low of $2.82 and a 1-year high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a dividend of $0.0225 per share. This represents a $0.27 annualized dividend and a dividend yield of 9.33%. The ex-dividend date of this dividend 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.