Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Update

Key Points

• Short interest surged 190% to 69,459 shares as of September 15, representing approximately 0.2% of outstanding shares. Despite the increase, the fund’s days-to-cover ratio remained low at 0.1 days.
• Institutional ownership stands at 29.49%, with notable activity including Shaker Financial Services increasing its holdings by 204.3% and several firms establishing new positions.
• CIK shares were flat at $2.33, near the one-year low of $2.31. The fund recently paid a $0.02 monthly dividend, equating to a $0.24 annualized payout and a 10.3% yield.

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) was the recipient 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 504,606 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. bought a new stake in Credit Suisse Asset Management Income Fund in the second quarter valued at $2,884,000. Shaker Financial Services LLC grew its holdings in shares of Credit Suisse Asset Management Income Fund by 204.3% in the 2nd quarter. Shaker Financial Services LLC now owns 867,755 shares of the company's stock worth $2,152,000 after purchasing an additional 582,569 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 about $38,000. Almitas Capital LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter worth about $155,000. Finally, Bank of America Corp DE bought a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter valued at about $535,000. 29.49% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN:CIK remained flat at $2.33 during midday trading on Friday. 1,038,443 shares of the stock were exchanged, compared to its average volume of 501,879. The business has a 50 day moving average price of $2.42 and a 200 day moving average price of $2.49. Credit Suisse Asset Management Income Fund has a one year low of $2.31 and a one year high of $3.04.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were given a $0.02 dividend. This represents a $0.24 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Wednesday, September 16th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.