Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Update

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 69,459 shares, a growth of 190.0% from the August 31st total of 23,950 shares. Based on an average trading volume of 504,606 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Credit Suisse Asset Management Income Fund Price Performance

NYSEAMERICAN CIK remained flat at $2.33 during trading hours on Friday. The company had a trading volume of 1,038,443 shares, compared to its average volume of 501,879. The business’s 50 day simple moving average is $2.42 and its two-hundred day simple moving average is $2.49. Credit Suisse Asset Management Income Fund has a 1-year low of $2.31 and a 1-year high of $3.04.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.02 per share. This represents a $0.24 annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Wednesday, September 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIK. Landscape Capital Management L.L.C. bought a new stake in Credit Suisse Asset Management Income Fund during the 2nd quarter worth about $2,884,000. Shaker Financial Services LLC lifted 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 worth $2,152,000 after purchasing an additional 582,569 shares in the last quarter. Fiera Capital Corp grew its stake in shares of Credit Suisse Asset Management Income Fund by 93.0% during the fourth quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock valued at $1,171,000 after purchasing an additional 199,448 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Credit Suisse Asset Management Income Fund during the second quarter valued at approximately $535,000. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of Credit Suisse Asset Management Income Fund by 9.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 73,477 shares of the company’s stock valued at $182,000 after purchasing an additional 6,092 shares in the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income Fund is a closed-end investment company listed on the NYSE American under the symbol CIK. The fund is designed to provide investors with a high level of current income through a professionally managed portfolio of fixed-income securities.

The fund primarily invests in corporate bonds, loans and other debt instruments, including securities that may carry below-investment-grade ratings. Its portfolio may include obligations issued by companies and other borrowers in the United States and international markets, exposing investors to credit, interest-rate and foreign-market risks.

Credit Suisse Asset Management Income Fund was established as part of Credit Suisse Asset Management’s closed-end fund offerings.