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

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 12,972 shares, a decline of 60.0% from the August 31st total of 32,411 shares. Based on an average trading volume of 105,999 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Carlyle Credit Income Fund

Institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new position in Carlyle Credit Income Fund during the second quarter worth $29,000. Advisory Solutions Group LLC bought a new stake in shares of Carlyle Credit Income Fund in the 2nd quarter worth about $113,000. Belpointe Asset Management LLC grew its holdings 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 purchasing an additional 6,000 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Carlyle Credit Income Fund by 18.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 305,394 shares of the company’s stock worth $1,432,000 after purchasing an additional 46,681 shares in the last quarter.

Carlyle Credit Income Fund Stock Performance

NYSE CCIF traded up $0.01 on Tuesday, reaching $2.40. The company’s stock had a trading volume of 90,361 shares, compared to its average volume of 137,499. The business has a 50-day moving average price of $2.66 and a 200 day moving average price of $2.95. Carlyle Credit Income Fund has a 52 week low of $2.20 and a 52 week high of $5.95.

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

Carlyle Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Tuesday, November 17th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 30.0%. The ex-dividend date is Tuesday, November 17th.

Analysts Set New Price Targets

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

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.