Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Declines By 60.1%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 68,639 shares, a decrease of 60.1% from the June 15th total of 172,107 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 622,665 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Credit Suisse Asset Management Income Fund by 1,886.7% during the fourth 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 during the last quarter. Invesco Ltd. boosted its holdings in Credit Suisse Asset Management Income Fund by 1.4% in the second quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock valued at $1,572,000 after purchasing an additional 7,463 shares during the last quarter. Bank of America Corp DE grew its position in Credit Suisse Asset Management Income Fund by 15.1% during the 2nd quarter. Bank of America Corp DE now owns 443,692 shares of the company’s stock worth $1,313,000 after purchasing an additional 58,250 shares during the period. Fiera Capital Corp grew its position in Credit Suisse Asset Management Income Fund by 93.0% during the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock worth $1,171,000 after purchasing an additional 199,448 shares during the period. Finally, Shaker Financial Services LLC raised its stake in shares of Credit Suisse Asset Management Income Fund by 190.9% during the 4th quarter. Shaker Financial Services LLC now owns 152,270 shares of the company’s stock valued at $431,000 after buying an additional 99,934 shares during the last quarter. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

Credit Suisse Asset Management Income Fund Price Performance

CIK traded up $0.01 during trading on Tuesday, hitting $2.48. The stock had a trading volume of 426,429 shares, compared to its average volume of 513,351. Credit Suisse Asset Management Income Fund has a twelve month low of $2.43 and a twelve month high of $3.04. The stock has a 50 day simple moving average of $2.50 and a two-hundred day simple moving average of $2.63.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 16th will be given a $0.02 dividend. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Thursday, July 16th.

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.