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

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

Carlyle Credit Income Fund Stock Performance

Shares of Carlyle Credit Income Fund stock remained flat at $2.67 during trading hours on Wednesday. The stock had a trading volume of 62,053 shares, compared to its average volume of 139,117. Carlyle Credit Income Fund has a 1-year low of $2.57 and a 1-year high of $5.95. The firm has a 50-day moving average of $2.78 and a two-hundred day moving average of $3.14.

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

Carlyle Credit Income Fund Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of large investors have recently modified their holdings of CCIF. Advisory Solutions Group LLC purchased a new stake in shares of Carlyle Credit Income Fund during the 2nd quarter worth $113,000. Two Sigma Securities LLC acquired a new stake in Carlyle Credit Income Fund in the second quarter valued at $29,000. Belpointe Asset Management LLC raised its stake in Carlyle Credit Income Fund by 10.9% in the second 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 in the last quarter. Virtu Financial LLC purchased a new stake in Carlyle Credit Income Fund during the 4th quarter worth about $74,000. Finally, XTX Topco Ltd purchased a new stake in Carlyle Credit Income Fund during the 4th quarter worth about $83,000.

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.