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

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Carlyle Credit Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CCIF. Belpointe Asset Management LLC increased its stake in shares of 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 worth $170,000 after acquiring an additional 6,000 shares in the last quarter. Advisory Solutions Group LLC purchased a new position in Carlyle Credit Income Fund during the 2nd quarter valued at about $113,000. Tactive Advisors LLC purchased a new stake in Carlyle Credit Income Fund in the third quarter worth about $28,000. Finally, Two Sigma Securities LLC purchased a new stake in Carlyle Credit Income Fund in the second quarter worth about $29,000.

Carlyle Credit Income Fund Trading Down 1.5%

Shares of CCIF traded down $0.04 on Monday, reaching $2.31. The stock had a trading volume of 82,270 shares, compared to its average volume of 137,329. The company has a 50-day simple moving average of $2.59 and a 200-day simple moving average of $2.90. Carlyle Credit Income Fund has a 12-month low of $2.20 and a 12-month high of $5.49.

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

Carlyle Credit Income Fund Dividend Announcement

The firm also recently announced 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 31.1%. The ex-dividend date is Tuesday, November 17th.

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.