Carlyle Credit Income Fund (NYSE:CCIF) Stock Short Interest Report for October

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 31,279 shares, a drop of 35.1% from the September 30th total of 48,201 shares. Based on an average trading volume of 157,541 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Carlyle Credit Income Fund

A number of hedge funds have recently modified their holdings of the business. Advisory Solutions Group LLC bought a new stake in shares of Carlyle Credit Income Fund in the second quarter worth $113,000. Tactive Advisors LLC acquired a new stake in Carlyle Credit Income Fund in the third quarter valued at $28,000. Two Sigma Securities LLC bought a new position in Carlyle Credit Income Fund during the 2nd quarter worth $29,000. Finally, Belpointe Asset Management LLC raised its position in Carlyle Credit Income Fund by 10.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock worth $170,000 after purchasing an additional 6,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCIF. Zacks Research cut Carlyle Credit Income Fund from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. Credit Suisse Group set a $3.50 price objective on Carlyle Credit Income Fund in a research note on Friday, August 21st.

Carlyle Credit Income Fund Stock Performance

NYSE:CCIF opened at $1.88 on Monday. The stock’s 50-day moving average is $2.36 and its 200-day moving average is $3.07. Carlyle Credit Income Fund has a 1-year low of $1.75 and a 1-year high of $5.35.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.39 million.

Carlyle Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Tuesday, November 17th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 38.3%. The ex-dividend date is Tuesday, November 17th.

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.