Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Update

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 80,500 shares, a decline 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 presently 0.1 days.

Credit Suisse Asset Management Income Fund Price Performance

NYSEAMERICAN CIK remained flat at $2.94 during trading hours on Wednesday. 689,218 shares of the company were exchanged, compared to its average volume of 618,322. 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. Investors of record on Tuesday, February 18th will be paid a $0.0225 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend is Tuesday, February 18th.

Insider Activity at Credit Suisse Asset Management Income Fund

In other Credit Suisse Asset Management Income Fund news, insider Laura A. Defelice purchased 40,766 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the purchase, the insider now owns 47,402 shares in the company, valued at approximately $138,413.84. This trade represents a 614.32 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CIK. HighTower Advisors LLC acquired 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 bought a new position in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $37,000. Fortis Group Advisors LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $39,000. Virtu Financial LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund in the 4th quarter valued at $45,000. Finally, Atria Wealth Solutions Inc. lifted 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 acquiring an additional 8,831 shares during the period. 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.