Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Increases By 1,306.0%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 164,500 shares, a growth of 1,306.0% from the February 28th total of 11,700 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 625,600 shares, the short-interest ratio is currently 0.3 days.

Credit Suisse Asset Management Income Fund Price Performance

Shares of CIK stock remained flat at $2.90 during trading hours on Friday. 880,391 shares of the stock traded hands, compared to its average volume of 441,038. Credit Suisse Asset Management Income Fund has a 52 week low of $2.82 and a 52 week high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date was Monday, March 17th.

Insiders Place Their Bets

In related news, insider Laura A. Defelice bought 40,766 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the transaction, the insider now directly owns 47,402 shares of the company's stock, valued at $138,413.84. This represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 18.63% of the company's stock.

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Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in 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 valued at $4,695,000 after purchasing an additional 131,598 shares during the last quarter. Invesco Ltd. lifted 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 buying an additional 83,246 shares during the period. IMS Capital Management grew its holdings in Credit Suisse Asset Management Income Fund by 2.9% during the 4th quarter. IMS Capital Management now owns 201,321 shares of the company's stock worth $582,000 after acquiring an additional 5,679 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter worth approximately $409,000. Finally, Shaker Financial Services LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund during the 4th quarter valued at $263,000. 29.49% of the stock is currently owned by institutional investors and hedge funds.

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.