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

Carlyle Credit Income Fund (NYSE:CCIF) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 73,700 shares, an increase of 132.5% from the September 30th total of 31,700 shares. Based on an average daily trading volume, of 113,100 shares, the short-interest ratio is currently 0.7 days.

Carlyle Credit Income Fund Stock Up 0.1 %

Carlyle Credit Income Fund stock opened at $8.23 on Monday. Carlyle Credit Income Fund has a fifty-two week low of $7.43 and a fifty-two week high of $8.80. The stock’s 50 day simple moving average is $8.41 and its two-hundred day simple moving average is $8.25.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its earnings results on Wednesday, August 21st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $7.38 million for the quarter, compared to analysts’ expectations of $7.51 million.

Carlyle Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.105 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.26 annualized dividend and a dividend yield of 15.31%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CCIF. Cetera Advisors LLC purchased a new position in shares of Carlyle Credit Income Fund during the first quarter valued at about $79,000. Choreo LLC bought a new stake in Carlyle Credit Income Fund in the first quarter worth $83,000. Access Financial Services Inc. raised its stake in Carlyle Credit Income Fund by 15.5% during the second quarter. Access Financial Services Inc. now owns 81,130 shares of the company’s stock valued at $664,000 after purchasing an additional 10,860 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Carlyle Credit Income Fund by 31.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 444,548 shares of the company’s stock valued at $3,636,000 after purchasing an additional 105,570 shares during the last quarter.

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.