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 large drop in short interest during the month of 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 volume of 591,400 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling

In other news, insider Laura A. Defelice bought 40,766 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $2.92 per share, with a total value of $119,036.72. Following the transaction, the insider now directly owns 47,402 shares in the company, valued at $138,413.84. The trade was a 614.32 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 18.63% of the company’s stock.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter valued at about $34,000. Jane Street Group LLC purchased a new stake in Credit Suisse Asset Management Income Fund during the third quarter worth approximately $37,000. Dynamic Advisor Solutions LLC lifted its stake in Credit Suisse Asset Management Income Fund by 20.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company’s stock worth $157,000 after purchasing an additional 9,150 shares during the last quarter. Fiera Capital Corp lifted its stake in Credit Suisse Asset Management Income Fund by 555.2% during the third quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock worth $514,000 after purchasing an additional 141,044 shares during the last quarter. Finally, IMS Capital Management lifted its stake in Credit Suisse Asset Management Income Fund by 2.9% during the fourth quarter. IMS Capital Management now owns 201,321 shares of the company’s stock worth $582,000 after purchasing an additional 5,679 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 Stock Performance

Shares of CIK opened at $2.95 on Friday. 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th will be paid a $0.0225 dividend. This represents a $0.27 annualized dividend and a dividend yield of 9.15%. The ex-dividend date is Tuesday, February 18th.

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.