Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Up 44.8% in May

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 193,700 shares, an increase of 44.8% from the April 30th total of 133,800 shares. Based on an average daily trading volume, of 690,100 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of Credit Suisse Asset Management Income Fund stock remained flat at $2.87 during trading on Tuesday. The stock had a trading volume of 555,649 shares, compared to its average volume of 516,944. Credit Suisse Asset Management Income Fund has a twelve month low of $2.56 and a twelve month high of $3.13. The firm has a fifty day simple moving average of $2.80.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 24th. Investors of record on Monday, June 16th will be issued a $0.0225 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.41%.

Institutional Trading of Credit Suisse Asset Management Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in CIK. Landscape Capital Management L.L.C. acquired a new position in shares of Credit Suisse Asset Management Income Fund in the 4th quarter valued at $409,000. LPL Financial LLC boosted its holdings in shares of Credit Suisse Asset Management Income Fund by 8.8% in the fourth quarter. LPL Financial LLC now owns 1,624,704 shares of the company's stock worth $4,695,000 after buying an additional 131,598 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the fourth quarter worth approximately $253,000. Virtu Financial LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the fourth quarter worth approximately $45,000. Finally, Stifel Financial Corp raised its holdings in shares of Credit Suisse Asset Management Income Fund by 103.5% during the fourth quarter. Stifel Financial Corp now owns 82,437 shares of the company's stock valued at $238,000 after acquiring an additional 41,937 shares during the period. 29.49% of the stock is owned by institutional investors and hedge funds.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.