Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 109,400 shares, a drop of 15.0% from the September 15th total of 128,700 shares. Based on an average daily volume of 373,400 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of Credit Suisse Asset Management Income Fund
Large investors have recently bought and sold shares of the business. Beacon Capital Management LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund during the 1st quarter worth approximately $32,000. B. Riley Wealth Advisors Inc. lifted its position in Credit Suisse Asset Management Income Fund by 14.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 26,905 shares of the company’s stock worth $80,000 after buying an additional 3,337 shares in the last quarter. Melfa Wealth Management Inc. acquired a new position in Credit Suisse Asset Management Income Fund during the second quarter worth $128,000. Finally, IMS Capital Management grew its holdings in Credit Suisse Asset Management Income Fund by 63.3% in the 2nd quarter. IMS Capital Management now owns 194,581 shares of the company’s stock valued at $597,000 after buying an additional 75,404 shares in the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.
Credit Suisse Asset Management Income Fund Stock Down 0.7 %
CIK traded down $0.02 on Wednesday, hitting $3.04. 526,753 shares of the company’s stock were exchanged, compared to its average volume of 239,223. Credit Suisse Asset Management Income Fund has a fifty-two week low of $2.50 and a fifty-two week high of $3.19.
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.
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