Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.92 and traded as low as $2.76. Credit Suisse Asset Management Income Fund shares last traded at $2.76, with a volume of 801,936 shares traded.

Credit Suisse Asset Management Income Fund Stock Performance

The firm has a 50 day simple moving average of $2.90 and a 200-day simple moving average of $2.92.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 17th will be given a $0.0225 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Institutional Trading of Credit Suisse Asset Management Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Credit Suisse Asset Management Income Fund during the second quarter worth $25,000. Unified Investment Management acquired a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter worth about $31,000. World Investment Advisors purchased a new position in Credit Suisse Asset Management Income Fund during the 3rd quarter valued at about $32,000. Tactive Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund in the 2nd quarter valued at about $37,000. Finally, Jane Street Group LLC acquired a new position in Credit Suisse Asset Management Income Fund in the 2nd quarter valued at about $59,000. Hedge funds and other institutional investors own 29.49% of the company’s stock.

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.