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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a significant drop in short interest in 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 days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Credit Suisse Asset Management Income Fund Stock Up 0.4 %

Shares of NYSEAMERICAN:CIK traded up $0.01 on Friday, reaching $2.70. 1,056,205 shares of the company traded hands, compared to its average volume of 471,301. Credit Suisse Asset Management Income Fund has a 52 week low of $2.56 and a 52 week high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be paid a $0.0225 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.27 dividend on an annualized basis and a yield of 10.00%.

Insider Activity at Credit Suisse Asset Management Income Fund

In other news, insider Laura A. Defelice acquired 40,766 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $2.92 per share, with a total value of $119,036.72. Following the acquisition, the insider now owns 47,402 shares in the company, valued at approximately $138,413.84. This represents a 614.32 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.63% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of Credit Suisse Asset Management Income Fund by 8.8% in the 4th quarter. LPL Financial LLC now owns 1,624,704 shares of the company’s stock worth $4,695,000 after buying an additional 131,598 shares during the last quarter. Invesco Ltd. boosted its holdings in Credit Suisse Asset Management Income Fund by 21.7% in the fourth quarter. Invesco Ltd. now owns 467,185 shares of the company’s stock valued at $1,350,000 after acquiring an additional 83,246 shares in the last quarter. IMS Capital Management lifted its position 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 worth $582,000 after purchasing an additional 5,679 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of Credit Suisse Asset Management Income Fund during the fourth quarter valued at about $409,000. Finally, Shaker Financial Services LLC bought a new position in Credit Suisse Asset Management Income Fund in the fourth quarter worth about $263,000. 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.