Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Sees Large Increase in Short Interest

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 146,700 shares, an increase of 118.6% from the November 30th total of 67,100 shares. Based on an average daily trading volume, of 573,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. boosted its position in Credit Suisse Asset Management Income Fund by 14.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 26,905 shares of the company’s stock worth $80,000 after acquiring an additional 3,337 shares during the last quarter. HighTower Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund in the 3rd quarter valued at $34,000. Jane Street Group LLC bought a new stake in Credit Suisse Asset Management Income Fund during the third quarter worth about $37,000. Fortis Group Advisors LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter worth $39,000. Finally, IMS Capital Management lifted its stake in shares of Credit Suisse Asset Management Income Fund by 63.3% in the 2nd quarter. IMS Capital Management now owns 194,581 shares of the company’s stock valued at $597,000 after acquiring an additional 75,404 shares during the last quarter. Institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Trading Down 1.0 %

Shares of NYSEAMERICAN:CIK opened at $2.89 on Friday. Credit Suisse Asset Management Income Fund has a 1-year low of $2.82 and a 1-year high of $3.19.

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.