Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Down 93.0% in August

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 29,220 shares, a decline of 93.0% from the July 30th total of 420,223 shares. Based on an average daily trading volume, of 129,016 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of large investors have recently modified their holdings of CCIF. Two Sigma Securities LLC purchased a new position in shares of Carlyle Credit Income Fund during the second quarter valued at about $29,000. Virtu Financial LLC purchased a new position in shares of Carlyle Credit Income Fund during the 4th quarter worth approximately $74,000. XTX Topco Ltd bought a new position in shares of Carlyle Credit Income Fund in the 4th quarter worth approximately $83,000. Citadel Advisors LLC bought a new position in shares of Carlyle Credit Income Fund in the 3rd quarter worth approximately $89,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Carlyle Credit Income Fund by 34.4% in the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after purchasing an additional 4,388 shares during the period.

Carlyle Credit Income Fund Trading Down 1.1%

CCIF traded down $0.03 during midday trading on Tuesday, reaching $2.67. 66,281 shares of the company’s stock traded hands, compared to its average volume of 139,582. Carlyle Credit Income Fund has a 52 week low of $2.57 and a 52 week high of $5.95. The firm has a fifty day moving average of $2.78 and a two-hundred day moving average of $3.14.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its earnings results on Wednesday, August 19th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The firm had revenue of $4.31 million during the quarter, compared to analysts’ expectations of $5.39 million.

Carlyle Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Tuesday, November 17th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, November 17th. This represents a c) annualized dividend and a yield of 27.0%.

Wall Street Analysts Forecast Growth

Separately, Credit Suisse Group set a $3.50 target price on Carlyle Credit Income Fund in a report on Friday.

Carlyle Credit Income Fund Company Profile

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC. The fund is co – managed by Behringer Advisors, LLC. The Fund invests mainly in fixed-income securities. The fund invests in stocks of companies operating across diversified sectors. It seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Mortgage Backed Securities Index. Carlyle Credit Income Fund was formed on December 30, 2011 and is domiciled in the United States.