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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 142,629 shares, an increase of 105.3% from the September 15th total of 69,459 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 708,781 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Credit Suisse Asset Management Income Fund

A number of institutional investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the second quarter worth approximately $2,884,000. Shaker Financial Services LLC boosted its holdings in Credit Suisse Asset Management Income Fund by 204.3% during 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 period. Bank of America Corp DE purchased a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter valued at $535,000. Dynamic Advisor Solutions LLC boosted its holdings in Credit Suisse Asset Management Income Fund by 9.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 73,477 shares of the company’s stock valued at $182,000 after acquiring an additional 6,092 shares during the period. Finally, Susquehanna International Group LLP grew its position in Credit Suisse Asset Management Income Fund by 45.0% in the 2nd quarter. Susquehanna International Group LLP now owns 63,770 shares of the company’s stock valued at $158,000 after acquiring an additional 19,804 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors.

Credit Suisse Asset Management Income Fund Price Performance

CIK stock opened at $2.32 on Wednesday. The company’s fifty day moving average price is $2.39 and its 200-day moving average price is $2.47. Credit Suisse Asset Management Income Fund has a one year low of $2.29 and a one year high of $2.93.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.02 per share. This represents a $0.24 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Thursday, October 15th.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund is a closed-end investment fund listed on the NYSE American under the symbol CIK. The fund is designed to provide investors with a high level of current income, with capital appreciation generally considered a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, government and sovereign debt, mortgage-related securities and other income-producing instruments issued by U.S.