Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Down 77.0% in August

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 23,950 shares, a decline of 77.0% from the August 15th total of 104,305 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 350,090 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Credit Suisse Asset Management Income Fund

A number of hedge funds have recently added to or reduced their stakes in CIK. Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 1,427,460 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at $2,884,000. Shaker Financial Services LLC lifted its stake in shares of Credit Suisse Asset Management Income Fund by 204.3% in the 2nd quarter. Shaker Financial Services LLC now owns 867,755 shares of the company’s stock valued at $2,152,000 after acquiring an additional 582,569 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter valued at $535,000. Finally, Fiera Capital Corp boosted its holdings in shares of 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 valued at $1,171,000 after acquiring an additional 199,448 shares in the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of CIK stock remained flat at $2.41 on Friday. 1,011,822 shares of the stock were exchanged, compared to its average volume of 338,090. The firm has a 50 day simple moving average of $2.44 and a 200-day simple moving average of $2.51. Credit Suisse Asset Management Income Fund has a 52-week low of $2.40 and a 52-week high of $3.04.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a dividend of $0.02 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Wednesday, September 16th.

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.