Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Drops By 85.6%

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 10,594 shares, a drop of 85.6% from the December 15th total of 73,364 shares. Based on an average daily volume of 193,949 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 193,949 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Credit Suisse Group set a $6.00 price target on shares of Carlyle Credit Income Fund in a report on Thursday, November 20th. Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 29th. Alliance Global Partners started coverage on shares of Carlyle Credit Income Fund in a research report on Thursday, October 2nd. They issued a “buy” rating on the stock. Industrial Alliance Securities set a $6.50 target price on shares of Carlyle Credit Income Fund in a research note on Thursday, October 2nd. Finally, B. Riley cut their price objective on Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, November 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CCIF. Wedbush Securities Inc. purchased a new stake in shares of Carlyle Credit Income Fund in the second quarter valued at about $69,000. J.W. Cole Advisors Inc. increased its position in Carlyle Credit Income Fund by 16.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 219,480 shares of the company’s stock valued at $1,422,000 after acquiring an additional 30,808 shares during the period. Icon Advisers Inc. Co. purchased a new stake in Carlyle Credit Income Fund during the 2nd quarter valued at approximately $124,000. Osaic Holdings Inc. lifted its position in Carlyle Credit Income Fund by 34.4% during the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after acquiring an additional 4,388 shares during the period. Finally, Arlington Capital Management Inc. purchased a new position in shares of Carlyle Credit Income Fund in the 3rd quarter valued at approximately $278,000.

Carlyle Credit Income Fund Price Performance

CCIF remained flat at $4.70 on Monday. 85,985 shares of the company were exchanged, compared to its average volume of 92,804. Carlyle Credit Income Fund has a 52-week low of $4.55 and a 52-week high of $7.96. The stock’s 50-day simple moving average is $4.92 and its 200-day simple moving average is $5.45.

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

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors 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 26.8%.

About Carlyle Credit Income Fund

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.