Carlyle Credit Income Fund (NYSE:CCIF) Sees Large Increase in Short Interest

Carlyle Credit Income Fund (NYSE:CCIF) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 48,201 shares, a growth of 271.6% from the September 15th total of 12,972 shares. Based on an average daily volume of 150,066 shares, the short-interest ratio is currently 0.3 days.

Carlyle Credit Income Fund Price Performance

NYSE:CCIF traded down $0.04 on Tuesday, reaching $2.24. The stock had a trading volume of 27,529 shares, compared to its average volume of 136,704. Carlyle Credit Income Fund has a 12-month low of $2.20 and a 12-month high of $5.49. The firm’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.90.

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

Carlyle Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Tuesday, November 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, November 17th. This represents a $0.72 annualized dividend and a dividend yield of 32.1%.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC purchased a new position in Carlyle Credit Income Fund during the second quarter worth about $29,000. Tactive Advisors LLC acquired a new stake in Carlyle Credit Income Fund in the 3rd quarter worth about $28,000. Advisory Solutions Group LLC acquired a new stake in Carlyle Credit Income Fund in the 2nd quarter worth about $113,000. Finally, Belpointe Asset Management LLC grew its holdings in Carlyle Credit Income Fund by 10.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock valued at $170,000 after buying an additional 6,000 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Credit Suisse Group set a $3.50 price target on shares of Carlyle Credit Income Fund in a report on Friday, August 21st.

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.