Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) was the target of a large decline in short interest during the month of December. As of December 14th, there was short interest totalling 40,568 shares, a decline of 52.9% from the November 30th total of 86,157 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 215,720 shares, the days-to-cover ratio is presently 0.2 days.
CIK traded down $0.01 during trading on Friday, hitting $2.91. The stock had a trading volume of 167,811 shares, compared to its average volume of 173,525. Credit Suisse AM Inc Fund has a one year low of $2.66 and a one year high of $3.34.
The business also recently announced a monthly dividend, which will be paid on Thursday, January 24th. Stockholders of record on Thursday, January 17th will be given a dividend of $0.0225 per share. The ex-dividend date is Wednesday, January 16th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.28%.
In related news, insider Americas Holding Corp. Csam sold 186,825 shares of the business’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $2.82, for a total value of $526,846.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several large investors have recently added to or reduced their stakes in CIK. SG Americas Securities LLC bought a new stake in shares of Credit Suisse AM Inc Fund during the 2nd quarter valued at $228,000. BlackRock Inc. bought a new stake in shares of Credit Suisse AM Inc Fund during the 2nd quarter valued at $1,946,000. Laurion Capital Management LP bought a new stake in shares of Credit Suisse AM Inc Fund during the 2nd quarter valued at $4,541,000. Bank of America Corp DE lifted its position in shares of Credit Suisse AM Inc Fund by 4.6% during the 2nd quarter. Bank of America Corp DE now owns 477,765 shares of the company’s stock valued at $1,510,000 after acquiring an additional 20,844 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Credit Suisse AM Inc Fund by 29.3% during the 3rd quarter. Wells Fargo & Company MN now owns 183,637 shares of the company’s stock valued at $582,000 after acquiring an additional 41,620 shares during the period.
About Credit Suisse AM Inc 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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