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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a large growth in short interest in 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. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 504,606 shares, the days-to-cover ratio is currently 0.1 days.

Credit Suisse Asset Management Income Fund Price Performance

CIK stock remained flat at $2.33 during midday trading on Friday. 1,038,443 shares of the company’s stock were exchanged, compared to its average volume of 501,879. The stock’s fifty day simple moving average is $2.42 and its 200-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 business also recently disclosed a monthly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were issued 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 was Wednesday, September 16th.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Several large investors have recently modified their holdings of CIK. Dynamic Advisor Solutions LLC grew its position in shares of 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 buying an additional 6,092 shares during the last quarter. One Capital Management LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 4th quarter worth approximately $38,000. Susquehanna International Group LLP boosted its position in Credit Suisse Asset Management Income Fund by 45.0% during the 2nd quarter. Susquehanna International Group LLP now owns 63,770 shares of the company’s stock valued at $158,000 after purchasing an additional 19,804 shares during the period. Two Sigma Securities LLC acquired a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter valued at approximately $78,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Credit Suisse Asset Management Income Fund in the second quarter worth $148,000. Institutional investors 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.