Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Increases By 608.5%

Carlyle Credit Income Fund (NYSE:CCIF) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 62,940 shares, a growth of 608.5% from the January 29th total of 8,883 shares. Based on an average trading volume of 216,010 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 216,010 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Large investors have recently modified their holdings of the stock. Wedbush Securities Inc. lifted its position in Carlyle Credit Income Fund by 38.7% during the 3rd quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock worth $87,000 after acquiring an additional 4,150 shares in the last quarter. 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 purchasing an additional 4,388 shares during the period. Bulldog Investors LLP lifted its position in shares of Carlyle Credit Income Fund by 2.7% during the fourth quarter. Bulldog Investors LLP now owns 337,241 shares of the company’s stock worth $1,582,000 after purchasing an additional 8,826 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Carlyle Credit Income Fund in the third quarter valued at $89,000. Finally, Virtu Financial LLC acquired a new stake in Carlyle Credit Income Fund during the 4th quarter valued at $74,000.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CCIF shares. B. Riley Financial cut their price target on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Credit Suisse Group set a $6.00 price target on Carlyle Credit Income Fund in a report on Thursday, November 20th. Finally, Zacks Research raised Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 29th.

Carlyle Credit Income Fund Price Performance

CCIF stock traded down $0.07 during trading on Thursday, reaching $3.40. 141,410 shares of the stock traded hands, compared to its average volume of 193,276. The business’s 50 day moving average price is $4.40 and its 200-day moving average price is $5.04. Carlyle Credit Income Fund has a 52-week low of $3.22 and a 52-week high of $7.90.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $0.17 by $998.83. The firm had revenue of $7.12 million during the quarter, compared to analyst estimates of $7.82 million.

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be given a dividend of $0.06 per share. This represents a c) dividend on an annualized basis and a yield of 21.2%. The ex-dividend date of this dividend is Monday, May 18th.

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.