Short Interest in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Expands By 143.5%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 172,107 shares, an increase of 143.5% from the May 31st total of 70,678 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 676,457 shares, the short-interest ratio is presently 0.3 days.

Credit Suisse Asset Management Income Fund Price Performance

Shares of CIK stock traded up $0.01 during trading hours on Monday, hitting $2.46. 516,893 shares of the company’s stock traded hands, compared to its average volume of 513,777. The stock’s 50 day simple moving average is $2.52 and its 200 day simple moving average is $2.66. Credit Suisse Asset Management Income Fund has a 12 month low of $2.43 and a 12 month high of $3.04.

Credit Suisse Asset Management Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

A number of hedge funds have recently added to or reduced their stakes in CIK. Raymond James Financial Inc. bought a new stake in Credit Suisse Asset Management Income Fund in the 2nd quarter worth about $25,000. Concurrent Investment Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund during the 4th quarter worth $29,000. One Capital Management LLC bought 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 Credit Suisse Asset Management Income Fund during the 4th quarter valued at $43,000. Finally, Jane Street Group LLC bought a new position in Credit Suisse Asset Management Income Fund in the 2nd quarter worth about $59,000. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.