Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 212,300 shares, a growth of 726.1% from the August 31st total of 25,700 shares. Based on an average trading volume of 1,015,700 shares, the short-interest ratio is currently 0.2 days.

A number of institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. bought a new stake in Credit Suisse AM Inc Fund during the 1st quarter valued at about $41,000. National Asset Management Inc. lifted its holdings in Credit Suisse AM Inc Fund by 102.3% during the second quarter. National Asset Management Inc. now owns 107,769 shares of the company’s stock valued at $293,000 after purchasing an additional 54,507 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV lifted its holdings in Credit Suisse AM Inc Fund by 8.5% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 86,907 shares of the company’s stock valued at $236,000 after purchasing an additional 6,800 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Credit Suisse AM Inc Fund by 23.1% during the second quarter. Envestnet Asset Management Inc. now owns 211,737 shares of the company’s stock valued at $574,000 after purchasing an additional 39,739 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Credit Suisse AM Inc Fund by 4.0% during the first quarter. Invesco Ltd. now owns 745,152 shares of the company’s stock valued at $1,781,000 after buying an additional 28,465 shares during the last quarter.

NYSEAMERICAN CIK opened at $2.90 on Monday. Credit Suisse AM Inc Fund has a 1 year low of $1.97 and a 1 year high of $3.45.

The business also recently announced a monthly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Thursday, September 17th were given a $0.0225 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.27 dividend on an annualized basis and a yield of 9.31%.

Credit Suisse AM Inc 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.

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