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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 11,700 shares, a decline of 87.1% from the February 13th total of 91,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 628,300 shares, the days-to-cover ratio is presently 0.0 days.

Insider Buying and Selling

In related news, insider Laura A. Defelice purchased 40,766 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were acquired at an average cost of $2.92 per share, with a total value of $119,036.72. Following the purchase, the insider now directly owns 47,402 shares of the company's stock, valued at approximately $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 18.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its stake in shares of 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 valued at $4,695,000 after buying an additional 131,598 shares during the period. Invesco Ltd. increased its stake in shares of Credit Suisse Asset Management Income Fund by 21.7% during the fourth quarter. Invesco Ltd. now owns 467,185 shares of the company's stock valued at $1,350,000 after buying an additional 83,246 shares during the period. IMS Capital Management grew its stake in Credit Suisse Asset Management Income Fund by 2.9% in 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 period. Landscape Capital Management L.L.C. purchased a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter worth $409,000. Finally, Shaker Financial Services LLC purchased a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter worth $263,000. 29.49% of the stock is owned by hedge funds and other institutional investors.

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Credit Suisse Asset Management Income Fund Stock Up 0.3 %

Credit Suisse Asset Management Income Fund stock traded up $0.01 during trading hours on Friday, reaching $2.90. The company had a trading volume of 1,050,009 shares, compared to its average volume of 643,078. Credit Suisse Asset Management Income Fund has a 12-month low of $2.82 and a 12-month high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a $0.0225 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.27 dividend on an annualized basis and a yield of 9.31%.

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.