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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a significant 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. Based on an average trading volume of 676,457 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Credit Suisse Asset Management Income Fund Stock Up 0.4%

Shares of CIK stock traded up $0.01 on Monday, reaching $2.46. The stock had a trading volume of 516,893 shares, compared to its average volume of 513,777. Credit Suisse Asset Management Income Fund has a 12 month low of $2.43 and a 12 month high of $3.04. The firm’s 50-day moving average is $2.52 and its two-hundred day moving average is $2.66.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 15th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter worth about $25,000. Concurrent Investment Advisors LLC acquired a new stake in Credit Suisse Asset Management Income Fund in the 4th quarter worth about $29,000. One Capital Management LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $38,000. Compound Planning Inc. bought a new stake in shares of Credit Suisse Asset Management Income Fund during the 4th quarter valued at $43,000. Finally, Jane Street Group LLC bought a new stake in Credit Suisse Asset Management Income Fund during the second quarter worth about $59,000. 29.49% of the stock is currently owned by institutional investors and hedge funds.

About Credit Suisse Asset Management Income Fund

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.