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

Key Points

• Short interest more than doubled to 142,629 shares as of September 30, up 105.3% from mid-September. Despite the increase, short interest represented just 0.3% of shares outstanding, with a 0.2-day days-to-cover ratio.
• CIK opened at $2.32, near its 12-month low of $2.29 and below its 50-day and 200-day moving averages of $2.39 and $2.47, respectively.
• The fund declared a monthly $0.02-per-share dividend, equivalent to $0.24 annually and a 10.3% yield. Institutional investors own approximately 29.49% of the fund.

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

Credit Suisse Asset Management Income Fund Price Performance

NYSEAMERICAN CIK opened at $2.32 on Wednesday. Credit Suisse Asset Management Income Fund has a 12 month low of $2.29 and a 12 month high of $2.93. The stock'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 Announces Dividend

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

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

A number of large investors have recently added to or reduced their stakes in CIK. Susquehanna International Group LLP grew its position in shares of 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 acquiring an additional 19,804 shares during the period. Two Sigma Securities LLC bought a new position in Credit Suisse Asset Management Income Fund in the 2nd quarter worth $78,000. Almitas Capital LLC purchased a new position in Credit Suisse Asset Management Income Fund during the second quarter valued at $155,000. Bank of America Corp DE purchased a new position in Credit Suisse Asset Management Income Fund during the second quarter valued at $535,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Credit Suisse Asset Management Income Fund during the second quarter valued at about $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 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.

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