Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Down 60.1% in June

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 68,639 shares, a decline of 60.1% from the June 15th total of 172,107 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 622,665 shares, the short-interest ratio is currently 0.1 days.

Credit Suisse Asset Management Income Fund Price Performance

NYSEAMERICAN CIK opened at $2.48 on Monday. The business has a fifty day moving average price of $2.50 and a 200 day moving average price of $2.63. Credit Suisse Asset Management Income Fund has a one year low of $2.43 and a one year high of $3.04.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 16th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

A number of hedge funds have recently modified their holdings of the business. Dynamic Advisor Solutions LLC lifted its stake 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 worth $182,000 after buying an additional 6,092 shares in the last quarter. Compound Planning Inc. purchased a new stake in Credit Suisse Asset Management Income Fund during the 4th quarter valued at about $43,000. Osaic Holdings Inc. grew its stake in Credit Suisse Asset Management Income Fund by 2,110.1% during the 4th quarter. Osaic Holdings Inc. now owns 74,149 shares of the company’s stock valued at $210,000 after acquiring an additional 70,794 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Credit Suisse Asset Management Income Fund by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 54,361 shares of the company’s stock valued at $154,000 after acquiring an additional 7,113 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Credit Suisse Asset Management Income Fund by 97.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 74,472 shares of the company’s stock valued at $211,000 after acquiring an additional 36,825 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Company Profile

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.