Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 109,400 shares, a decrease of 15.0% from the September 15th total of 128,700 shares. Based on an average daily trading volume, of 373,400 shares, the short-interest ratio is currently 0.3 days.
Credit Suisse Asset Management Income Fund Stock Down 0.7 %
Shares of CIK stock traded down $0.02 during trading on Wednesday, hitting $3.04. 526,753 shares of the stock traded hands, compared to its average volume of 239,223. Credit Suisse Asset Management Income Fund has a 52-week low of $2.50 and a 52-week high of $3.19.
Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CIK. B. Riley Wealth Advisors Inc. raised its holdings in Credit Suisse Asset Management Income Fund by 95.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 45,973 shares of the company’s stock valued at $144,000 after buying an additional 22,405 shares during the period. IMS Capital Management lifted its holdings 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 worth $597,000 after acquiring an additional 75,404 shares during the last quarter. Beacon Capital Management LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund during the 1st quarter worth approximately $32,000. Finally, Melfa Wealth Management Inc. acquired a new stake in Credit Suisse Asset Management Income Fund in the 2nd quarter valued at approximately $128,000. Hedge funds and other institutional investors own 29.49% of the company’s stock.
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.
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