Credit Suisse AM Inc Fund Inc. (CIK) Short Interest Update
Credit Suisse AM Inc Fund Inc. (NYSE:CIK) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 69,571 shares, a decrease of 33.3% from the April 28th total of 104,364 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 103,135 shares, the short-interest ratio is presently 0.7 days.
Credit Suisse AM Inc Fund (NYSE:CIK) opened at 3.33 on Thursday. Credit Suisse AM Inc Fund has a 52-week low of $2.80 and a 52-week high of $3.46. The stock’s 50 day moving average is $3.32 and its 200-day moving average is $3.24.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.022 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.26 annualized dividend and a dividend yield of 7.93%.
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About Credit Suisse AM Inc Fund
Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.
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