Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Expands By 118.6%

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

Credit Suisse Asset Management Income Fund Stock Down 0.7 %

CIK stock traded down $0.02 during midday trading on Friday, reaching $2.90. 250,415 shares of the company were exchanged, compared to its average volume of 307,441. Credit Suisse Asset Management Income Fund has a one year low of $2.82 and a one year high of $3.19.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased 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 buying an additional 3,337 shares during the period. IMS Capital Management grew its position in shares of Credit Suisse Asset Management Income Fund by 63.3% during the 2nd quarter. IMS Capital Management now owns 194,581 shares of the company’s stock worth $597,000 after purchasing an additional 75,404 shares in the last quarter. Fortis Group Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund during the third quarter worth approximately $39,000. Fiera Capital Corp increased its holdings in shares of Credit Suisse Asset Management Income Fund by 555.2% during the third quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock worth $514,000 after purchasing an additional 141,044 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the third quarter valued at approximately $34,000. 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.