Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Sees Significant Growth in Short Interest

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 151,468 shares, an increase of 92.7% from the July 15th total of 78,620 shares. Based on an average daily trading volume, of 399,959 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Credit Suisse Asset Management Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shaker Financial Services LLC raised its stake in Credit Suisse Asset Management Income Fund by 204.3% during the second quarter. Shaker Financial Services LLC now owns 867,755 shares of the company’s stock valued at $2,152,000 after buying an additional 582,569 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Credit Suisse Asset Management Income Fund by 1,886.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock worth $4,254,000 after acquiring an additional 1,427,460 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Credit Suisse Asset Management Income Fund during the second quarter valued at $2,884,000. Concurrent Investment Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 4th quarter worth about $29,000. Finally, Compound Planning Inc. bought a new position in Credit Suisse Asset Management Income Fund in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN CIK traded down $0.01 during trading on Friday, hitting $2.44. The stock had a trading volume of 553,699 shares, compared to its average volume of 438,488. The firm has a fifty day moving average of $2.46 and a two-hundred day moving average of $2.57. Credit Suisse Asset Management Income Fund has a 12 month low of $2.42 and a 12 month high of $3.04.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a $0.02 dividend. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Monday, August 17th.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income Fund Inc (NYSE American: CIK) is a closed-end management investment company managed by Credit Suisse Asset Management, one of the world’s leading asset managers. The fund’s primary objective is to provide shareholders with a high level of current income, with a secondary objective of capital appreciation. It achieves this by investing in a diversified portfolio of income-producing securities across fixed-income and equity markets.

The fund typically allocates assets to a mix of investment-grade and below-investment-grade corporate bonds, bank loans, mortgage- and asset-backed securities, convertible securities and dividend-paying equities.