Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Up 1,306.0% in March

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a significant increase in short interest in 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. Based on an average daily trading volume, of 625,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are sold short.

Credit Suisse Asset Management Income Fund Price Performance

Shares of NYSEAMERICAN CIK opened at $2.90 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were paid a dividend of $0.0225 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.27 dividend on an annualized basis and a yield of 9.31%.

Insiders Place Their Bets

In related news, insider Laura A. Defelice bought 40,766 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of $2.92 per share, for a total transaction of $119,036.72. Following the acquisition, the insider now owns 47,402 shares in the company, valued at $138,413.84. This represents a 614.32 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 18.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new position in Credit Suisse Asset Management Income Fund during the third quarter worth $34,000. Jane Street Group LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the third quarter worth $37,000. Dynamic Advisor Solutions LLC lifted its position in shares of Credit Suisse Asset Management Income Fund by 20.2% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock worth $157,000 after buying an additional 9,150 shares during the last quarter. IMS Capital Management boosted its holdings in shares of Credit Suisse Asset Management Income Fund by 2.9% in the 4th quarter. IMS Capital Management now owns 201,321 shares of the company’s stock valued at $582,000 after buying an additional 5,679 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in shares of Credit Suisse Asset Management Income Fund by 63.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,731 shares of the company’s stock valued at $66,000 after buying an additional 8,831 shares during the last quarter. Institutional investors own 29.49% of the company’s stock.

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.