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

Carlyle Credit Income Fund (NYSE:CCIF) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 8,883 shares, a decrease of 57.9% from the January 15th total of 21,122 shares. Based on an average daily volume of 129,212 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 129,212 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CCIF. B. Riley Financial dropped their price target on 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. Zacks Research raised Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Credit Suisse Group set a $6.00 target price on shares of Carlyle Credit Income Fund in a research report on Thursday, November 20th.

Institutional Trading of Carlyle Credit Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bulldog Investors LLP acquired a new position in shares of Carlyle Credit Income Fund during the third quarter worth $1,911,000. Eagle Point Credit Management LLC bought a new stake in Carlyle Credit Income Fund during the 4th quarter worth $729,000. GatePass Capital LLC acquired a new position in Carlyle Credit Income Fund in the 4th quarter worth about $321,000. Marex Group plc bought a new position in Carlyle Credit Income Fund in the fourth quarter valued at about $239,000. Finally, Arlington Capital Management Inc. bought a new position in Carlyle Credit Income Fund in the third quarter valued at about $278,000.

Carlyle Credit Income Fund Stock Performance

Shares of Carlyle Credit Income Fund stock remained flat at $4.00 during trading on Thursday. The stock had a trading volume of 109,676 shares, compared to its average volume of 149,623. Carlyle Credit Income Fund has a 12 month low of $3.77 and a 12 month high of $7.90. The company has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $5.17.

Carlyle Credit Income Fund (NYSE:CCIF) last released its earnings results on Tuesday, November 18th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $7.74 million during the quarter, compared to analysts’ expectations of $8.97 million.

Carlyle Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 31.5%.

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.