Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Short Interest Up 269.4% in April

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Rating) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 134,100 shares, an increase of 269.4% from the April 15th total of 36,300 shares. Based on an average daily volume of 246,600 shares, the days-to-cover ratio is presently 0.5 days.

A number of institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. purchased a new position in Credit Suisse Asset Management Income Fund during the 1st quarter valued at about $165,000. Paragon Capital Management LLC purchased a new position in Credit Suisse Asset Management Income Fund during the 1st quarter valued at about $44,000. Fiera Capital Corp boosted its holdings in Credit Suisse Asset Management Income Fund by 30.6% during the 1st quarter. Fiera Capital Corp now owns 154,166 shares of the company’s stock valued at $470,000 after acquiring an additional 36,085 shares during the period. Advisor Group Holdings Inc. boosted its holdings in Credit Suisse Asset Management Income Fund by 118.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 35,142 shares of the company’s stock valued at $107,000 after acquiring an additional 19,076 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in Credit Suisse Asset Management Income Fund during the 1st quarter valued at about $318,000. Institutional investors own 22.27% of the company’s stock.

NYSEAMERICAN CIK opened at $2.76 on Thursday. Credit Suisse Asset Management Income Fund has a twelve month low of $2.75 and a twelve month high of $3.61.

The firm also recently declared a monthly dividend, which will be paid on Monday, May 23rd. Stockholders of record on Tuesday, May 17th will be issued a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.78%. The ex-dividend date is Monday, May 16th.

About Credit Suisse Asset Management Income Fund (Get Rating)

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.

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