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Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 128,300 shares, an increase of 138.9% from the May 15th total of 53,700 shares. Based on an average daily trading volume, of 254,300 shares, the short-interest ratio is presently 0.5 days.
Shares of Credit Suisse Asset Management Income Fund stock traded down $0.05 on Friday, hitting $2.78. 246,511 shares of the company traded hands, compared to its 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 firm also recently announced a monthly dividend, which will be paid on Thursday, June 23rd. Investors of record on Thursday, June 16th will be issued a $0.0225 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date is Wednesday, June 15th.
Several hedge funds have recently bought and sold shares of CIK. Morgan Stanley grew its holdings in shares of Credit Suisse Asset Management Income Fund by 8.2% in the first quarter. Morgan Stanley now owns 52,711 shares of the company’s stock valued at $179,000 after purchasing an additional 3,998 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Credit Suisse Asset Management Income Fund by 26.6% in the second quarter. Royal Bank of Canada now owns 22,273 shares of the company’s stock valued at $79,000 after purchasing an additional 4,686 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the second quarter valued at $42,000. Advisor Group Holdings Inc. boosted 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’s stock worth $55,000 after buying an additional 13,026 shares during the period. Finally, LPL Financial LLC boosted 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’s stock worth $4,444,000 after buying an additional 17,074 shares during the period. 22.27% of the stock is owned by hedge funds and other institutional investors.
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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