Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Expands By 143.5%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 172,107 shares, a growth of 143.5% from the May 31st total of 70,678 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 676,457 shares, the days-to-cover ratio is presently 0.3 days.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN CIK traded up $0.02 during trading hours on Tuesday, hitting $2.48. 597,180 shares of the stock were exchanged, compared to its average volume of 624,877. The company’s fifty day simple moving average is $2.52 and its two-hundred day simple moving average is $2.65. Credit Suisse Asset Management Income Fund has a 1-year low of $2.43 and a 1-year high of $3.04.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were paid a $0.02 dividend. The ex-dividend date was Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 9.7%.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Institutional investors have recently modified their holdings of the business. Dynamic Advisor Solutions LLC grew its holdings in shares of Credit Suisse Asset Management Income Fund by 6.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 63,840 shares of the company’s stock worth $181,000 after purchasing an additional 3,759 shares during the last quarter. Wells Fargo & Company MN raised its stake in Credit Suisse Asset Management Income Fund by 15.1% during the fourth quarter. Wells Fargo & Company MN now owns 54,361 shares of the company’s stock worth $154,000 after buying an additional 7,113 shares during the last quarter. Invesco Ltd. raised its stake in Credit Suisse Asset Management Income Fund by 1.4% during the second quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock worth $1,572,000 after buying an additional 7,463 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Credit Suisse Asset Management Income Fund in the second quarter valued at $25,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.