Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Drops By 12.3%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 95,900 shares, a decline of 12.3% from the September 30th total of 109,400 shares. Based on an average trading volume of 422,100 shares, the days-to-cover ratio is presently 0.2 days.

Credit Suisse Asset Management Income Fund Trading Down 1.0 %

Credit Suisse Asset Management Income Fund stock traded down $0.03 during midday trading on Thursday, hitting $2.95. The company’s stock had a trading volume of 485,905 shares, compared to its average volume of 254,477. Credit Suisse Asset Management Income Fund has a 12 month low of $2.56 and a 12 month high of $3.19.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. raised its holdings 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. Beacon Capital Management LLC acquired a new stake in Credit Suisse Asset Management Income Fund during the 1st quarter worth about $32,000. Fortis Group Advisors LLC acquired a new stake in Credit Suisse Asset Management Income Fund during the 3rd quarter worth about $39,000. Melfa Wealth Management Inc. acquired a new stake in Credit Suisse Asset Management Income Fund during the 2nd quarter worth about $128,000. Finally, IMS Capital Management grew its stake in 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 valued at $597,000 after acquiring an additional 75,404 shares in the last quarter. 29.49% of the stock is currently owned by institutional investors.

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.