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

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

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIK. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Credit Suisse Asset Management Income Fund by 1,886.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock worth $4,254,000 after purchasing an additional 1,427,460 shares in 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. Shaker Financial Services LLC boosted its position in shares of 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. Bank of America Corp DE purchased a new stake in shares of Credit Suisse Asset Management Income Fund during the second quarter valued at $535,000. Finally, Fiera Capital Corp increased its holdings in Credit Suisse Asset Management Income Fund by 93.0% in the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock worth $1,171,000 after buying an additional 199,448 shares in the last quarter. 29.49% of the stock is owned by institutional investors.

Credit Suisse Asset Management Income Fund Trading Down 0.8%

Shares of NYSEAMERICAN CIK opened at $2.42 on Tuesday. The firm’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.56. Credit Suisse Asset Management Income Fund has a 52-week low of $2.42 and a 52-week high of $3.04.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be issued a $0.02 dividend. This represents a c) dividend on an annualized basis and a yield of 9.9%. 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.