Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Stock Short Interest Jumps 105.3%

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 142,629 shares, an increase of 105.3% from the September 15th total of 69,459 shares. Based on an average daily volume of 708,781 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are short sold.

Credit Suisse Asset Management Income Fund Trading Down 0.7%

Shares of Credit Suisse Asset Management Income Fund stock traded down $0.01 during trading hours on Thursday, hitting $2.29. 202,907 shares of the company’s stock traded hands, compared to its average volume of 499,946. Credit Suisse Asset Management Income Fund has a 12-month low of $2.27 and a 12-month high of $2.90. The company has a fifty day simple moving average of $2.39 and a 200-day simple moving average of $2.47.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.02 per share. This represents a $0.24 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Thursday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CIK. Landscape Capital Management L.L.C. purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at about $2,884,000. Shaker Financial Services LLC boosted its position in shares of Credit Suisse Asset Management Income Fund by 204.3% during the 2nd quarter. Shaker Financial Services LLC now owns 867,755 shares of the company’s stock valued at $2,152,000 after acquiring an additional 582,569 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter valued at about $535,000. Dynamic Advisor Solutions LLC grew its holdings in shares of Credit Suisse Asset Management Income Fund by 9.0% during the second quarter. Dynamic Advisor Solutions LLC now owns 73,477 shares of the company’s stock worth $182,000 after purchasing an additional 6,092 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of Credit Suisse Asset Management Income Fund by 45.0% during the second quarter. Susquehanna International Group LLP now owns 63,770 shares of the company’s stock worth $158,000 after purchasing an additional 19,804 shares in the last quarter. 29.49% of the stock is currently owned by hedge funds and other institutional investors.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund is a closed-end investment fund listed on the NYSE American under the symbol CIK. The fund is designed to provide investors with a high level of current income, with capital appreciation generally considered a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, government and sovereign debt, mortgage-related securities and other income-producing instruments issued by U.S.