Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Rises By 92.7%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a significant growth in short interest in 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. Based on an average daily volume of 399,959 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its holdings in shares of 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 purchasing an additional 7,463 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Credit Suisse Asset Management Income Fund in the second quarter worth $25,000. Jane Street Group LLC acquired a new stake in Credit Suisse Asset Management Income Fund in the second quarter valued at $59,000. Bank of America Corp DE increased its holdings in Credit Suisse Asset Management Income Fund by 15.1% in the second quarter. Bank of America Corp DE now owns 443,692 shares of the company’s stock valued at $1,313,000 after purchasing an additional 58,250 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter worth $81,000. 29.49% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of Credit Suisse Asset Management Income Fund stock traded down $0.02 on Monday, hitting $2.42. The stock had a trading volume of 211,596 shares, compared to its average volume of 504,804. The stock has a 50 day moving average of $2.46 and a 200 day moving average of $2.56. Credit Suisse Asset Management Income Fund has a twelve month low of $2.42 and a twelve month high of $3.04.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a dividend of $0.02 per share. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 9.9%.

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.