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

Carlyle Credit Income Fund (NYSE:CCIF) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 12,972 shares, a drop 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 currently 0.1 days.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Several large investors have recently made changes to their positions in CCIF. Advisory Solutions Group LLC acquired a new position in Carlyle Credit Income Fund during the 2nd quarter worth $113,000. Two Sigma Securities LLC acquired a new position in shares of Carlyle Credit Income Fund during the second quarter valued at $29,000. Belpointe Asset Management LLC raised its stake in shares of 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 valued at $170,000 after purchasing an additional 6,000 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Carlyle Credit Income Fund by 18.0% in the fourth 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 during the period.

Wall Street Analyst Weigh In

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

Carlyle Credit Income Fund Price Performance

CCIF traded down $0.02 during trading on Monday, reaching $2.40. 52,547 shares of the company were exchanged, compared to its average volume of 137,754. The firm has a 50 day moving average of $2.67 and a 200 day moving average of $2.97. 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 posted its earnings results on Wednesday, August 19th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The business had revenue of $4.31 million during the quarter, compared to the consensus estimate of $5.39 million.

Carlyle Credit Income Fund Dividend Announcement

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

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.