Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Down 8.5% in July

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 123,100 shares, a drop of 8.5% from the July 15th total of 134,500 shares. Based on an average daily trading volume, of 248,800 shares, the days-to-cover ratio is currently 0.5 days.

Credit Suisse Asset Management Income Fund Stock Down 0.7 %

CIK stock opened at $3.04 on Tuesday. Credit Suisse Asset Management Income Fund has a twelve month low of $2.50 and a twelve month high of $3.19.

Institutional Trading of Credit Suisse Asset Management Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Beacon Capital Management LLC bought a new stake in Credit Suisse Asset Management Income Fund during the first quarter valued at about $32,000. B. Riley Wealth Advisors Inc. boosted its stake in Credit Suisse Asset Management Income Fund by 14.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 26,905 shares of the company’s stock worth $80,000 after purchasing an additional 3,337 shares in the last quarter. Finally, Melfa Wealth Management Inc. purchased a new stake in shares of Credit Suisse Asset Management Income Fund during the second quarter valued at $128,000. 29.49% of the stock is currently owned by institutional investors.

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.