Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Update

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 8,883 shares, a decrease of 57.9% from the January 15th total of 21,122 shares. Based on an average daily trading volume, of 129,212 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 129,212 shares, the days-to-cover ratio is presently 0.1 days.

Carlyle Credit Income Fund Stock Performance

Carlyle Credit Income Fund stock traded down $0.10 during mid-day trading on Friday, reaching $3.90. The company had a trading volume of 225,879 shares, compared to its average volume of 152,163. The business has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $5.15. Carlyle Credit Income Fund has a fifty-two week low of $3.77 and a fifty-two week high of $7.90.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $7.74 million for the quarter, compared to the consensus estimate of $8.97 million.

Carlyle Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.105 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 32.3%.

Analyst Upgrades and Downgrades

CCIF has been the subject of a number of recent analyst reports. Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 29th. Credit Suisse Group set a $6.00 price target on Carlyle Credit Income Fund in a research report on Thursday, November 20th. Finally, B. Riley Financial cut their price objective on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 20th.

Institutional Trading of Carlyle Credit Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. bought a new position in Carlyle Credit Income Fund in the 2nd quarter valued at approximately $69,000. Citadel Advisors LLC acquired a new position in Carlyle Credit Income Fund in the 3rd quarter valued at approximately $89,000. Osaic Holdings Inc. raised its stake in shares of Carlyle Credit Income Fund by 34.4% during the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after acquiring an additional 4,388 shares during the last quarter. Icon Advisers Inc. Co. bought a new position in shares of Carlyle Credit Income Fund during the second quarter valued at $124,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Carlyle Credit Income Fund during the fourth quarter worth $126,000.

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.