Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Expands By 99.4%

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 21,122 shares, an increase of 99.4% from the December 31st total of 10,594 shares. Based on an average daily trading volume, of 111,410 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 111,410 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCIF. Credit Suisse Group set a $6.00 price target on Carlyle Credit Income Fund in a report on Thursday, November 20th. B. Riley lowered their target price on Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Finally, Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 29th.

Institutional Trading of Carlyle Credit Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wedbush Securities Inc. bought a new stake in shares of Carlyle Credit Income Fund during the second quarter worth approximately $69,000. Citadel Advisors LLC acquired a new stake in Carlyle Credit Income Fund in the 3rd quarter valued at approximately $89,000. Osaic Holdings Inc. increased its stake in Carlyle Credit Income Fund by 34.4% in the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after buying an additional 4,388 shares during the last quarter. Icon Advisers Inc. Co. bought a new stake in shares of Carlyle Credit Income Fund during the 2nd quarter worth approximately $124,000. Finally, Arlington Capital Management Inc. acquired a new stake in Carlyle Credit Income Fund in the third quarter valued at $278,000.

Carlyle Credit Income Fund Stock Performance

NYSE CCIF opened at $4.53 on Friday. The stock’s 50-day moving average is $4.83 and its two-hundred day moving average is $5.29. Carlyle Credit Income Fund has a fifty-two week low of $4.47 and a fifty-two week high of $7.90.

Carlyle Credit Income Fund (NYSE:CCIF) last posted 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 company had revenue of $7.74 million for the quarter, compared to analyst estimates of $8.97 million.

Carlyle Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 27.8%. The ex-dividend date is Tuesday, February 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.