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

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 31,279 shares, a decrease 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in shares of Carlyle Credit Income Fund during the 2nd quarter worth $29,000. Tactive Advisors LLC acquired a new position in Carlyle Credit Income Fund in the third quarter valued at about $28,000. Advisory Solutions Group LLC acquired a new position in Carlyle Credit Income Fund in the second quarter valued at about $113,000. Finally, Belpointe Asset Management LLC lifted its position in Carlyle Credit Income Fund by 10.9% during the second 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 period.

Carlyle Credit Income Fund Price Performance

NYSE CCIF opened at $1.88 on Monday. Carlyle Credit Income Fund has a 12-month low of $1.75 and a 12-month high of $5.35. The firm has a 50-day moving average price of $2.36 and a two-hundred day moving average price of $3.07.

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

Carlyle Credit Income Fund Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CCIF. Zacks Research downgraded Carlyle Credit Income Fund from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. Credit Suisse Group set a $3.50 price objective on shares of Carlyle Credit Income Fund in a report on Friday, August 21st.

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.