Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Drops By 21.0%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 130,000 shares, a drop of 21.0% from the March 15th total of 164,500 shares. Based on an average daily volume of 670,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Credit Suisse Asset Management Income Fund Stock Up 0.4 %

CIK stock opened at $2.70 on Monday. Credit Suisse Asset Management Income Fund has a fifty-two week low of $2.56 and a fifty-two week high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0225 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.27 annualized dividend and a dividend yield of 10.00%.

Insider Transactions at Credit Suisse Asset Management Income Fund

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice acquired 40,766 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of $2.92 per share, with a total value of $119,036.72. Following the completion of the acquisition, the insider now directly owns 47,402 shares in the company, valued at $138,413.84. This trade represents a 614.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 18.63% of the company’s stock.

Institutional Trading of Credit Suisse Asset Management Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter worth approximately $409,000. LPL Financial LLC grew its holdings in Credit Suisse Asset Management Income Fund by 8.8% during the fourth quarter. LPL Financial LLC now owns 1,624,704 shares of the company’s stock worth $4,695,000 after acquiring an additional 131,598 shares during the period. Wolverine Asset Management LLC bought a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter worth about $253,000. HighTower Advisors LLC acquired a new stake in Credit Suisse Asset Management Income Fund in the 3rd quarter valued at about $34,000. Finally, Jane Street Group LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth approximately $37,000. 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.