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


Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Rating) benefited from a significant increase in short interest during the month of May. As of May 31, there was short interest totaling 128,300 shares, an increase of 138.9% from the May 15 total of 53,700 shares. Based on an average daily trading volume of 254,300 shares, the short-term interest rate ratio is currently 0.5 days.

Shares of Credit Suisse Asset Management Income Fund traded down $0.05 on Friday, hitting $2.78. 246,511 shares of the company were traded, against an average volume of 234,144. Credit Suisse Asset Management Income Fund has a 52-week low of $2.65 and a 52-week high of $3.59.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 23. Investors of record on Thursday, June 16 will receive a dividend of $0.0225. This represents a dividend of $0.27 on an annualized basis and a dividend yield of 9.71%. The ex-dividend date is Wednesday, June 15.

Several hedge funds have recently bought and sold shares of CIK. Morgan Stanley increased its holdings of Credit Suisse Asset Management Income Fund shares by 8.2% in the first quarter. Morgan Stanley now owns 52,711 shares of the company valued at $179,000 after buying 3,998 additional shares in the last quarter. Royal Bank of Canada increased its holdings of Credit Suisse Asset Management Income Fund shares by 26.6% in the second quarter. Royal Bank of Canada now owns 22,273 shares of the company valued at $79,000 after buying an additional 4,686 shares last quarter. Citadel Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the second quarter at a value of $42,000. Advisor Group Holdings Inc. increased its stake in Credit Suisse Asset Management Income Fund by 434.2% during the third quarter. Advisor Group Holdings Inc. now owns 16,026 shares of the company worth $55,000 after purchasing an additional 13,026 shares during the period. Finally, LPL Financial LLC increased its stake in Credit Suisse Asset Management Income Fund by 1.4% during the third quarter. LPL Financial LLC now owns 1,280,642 shares of the company worth $4,444,000 after purchasing an additional 17,074 shares during the period. 22.27% of the shares are held by hedge funds and other institutional investors.

About Credit Suisse Asset Management Income Fund (Get a rating)

Credit Suisse Asset Management Income Fund, Inc is a closed-end bond mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in US bond markets. It invests primarily in high-yielding corporate debt securities, such as bonds and debentures rated Baa or lower by Moody’s or BBB or lower by S&P.

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