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

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

Credit Suisse Asset Management Income Fund Stock Down 0.4%

NYSEAMERICAN:CIK traded down $0.01 during trading hours on Wednesday, hitting $2.47. The stock had a trading volume of 602,832 shares, compared to its average volume of 514,064. Credit Suisse Asset Management Income Fund has a one year low of $2.43 and a one year high of $3.04. The business’s 50 day moving average is $2.50 and its 200-day moving average is $2.63.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 16th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a c) annualized dividend and a yield of 9.7%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Credit Suisse Asset Management Income Fund by 1,886.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock valued at $4,254,000 after purchasing an additional 1,427,460 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund during the 4th quarter worth about $29,000. Shaker Financial Services LLC grew its stake in Credit Suisse Asset Management Income Fund by 190.9% in the 4th quarter. Shaker Financial Services LLC now owns 152,270 shares of the company’s stock valued at $431,000 after buying an additional 99,934 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in Credit Suisse Asset Management Income Fund by 6.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 63,840 shares of the company’s stock valued at $181,000 after acquiring an additional 3,759 shares during the period. Finally, Compound Planning Inc. bought a new position in Credit Suisse Asset Management Income Fund in the 4th quarter valued at about $43,000. 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 (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.