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 recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 80,500 shares, a drop of 52.2% from the January 15th total of 168,300 shares. Based on an average daily trading volume, of 591,400 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

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 dated Tuesday, January 21st. The shares were purchased at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the transaction, the insider now directly owns 47,402 shares of the company’s stock, valued at approximately $138,413.84. This represents a 614.32 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 18.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth $34,000. Jane Street Group LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth $37,000. Fortis Group Advisors LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth $39,000. Virtu Financial LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the 4th quarter worth $45,000. Finally, Atria Wealth Solutions Inc. increased its stake 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 worth $66,000 after acquiring an additional 8,831 shares during the last quarter. Hedge funds and other institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Price Performance

Shares of CIK stock opened at $2.95 on Friday. Credit Suisse Asset Management Income Fund has a fifty-two week low of $2.82 and a fifty-two week high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be issued a $0.0225 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.27 dividend on an annualized basis and a yield of 9.15%.

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.