Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Up 129.9% in September

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 146,900 shares, a growth of 129.9% from the September 15th total of 63,900 shares. Based on an average daily volume of 181,800 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 181,800 shares, the days-to-cover ratio is presently 0.8 days.

Carlyle Credit Income Fund Trading Down 1.9%

NYSE CCIF opened at $5.29 on Wednesday. Carlyle Credit Income Fund has a one year low of $5.09 and a one year high of $8.32. The stock has a 50 day moving average price of $5.62 and a 200-day moving average price of $6.11.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its earnings results on Tuesday, August 19th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $8.61 million for the quarter, compared to the consensus estimate of $9.26 million.

Carlyle Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a dividend yield of 23.8%. The ex-dividend date is Tuesday, October 21st.

Analyst Ratings Changes

Several research firms have recently commented on CCIF. Industrial Alliance Securities set a $6.50 price target on shares of Carlyle Credit Income Fund in a research report on Thursday, October 2nd. Alliance Global Partners started coverage on Carlyle Credit Income Fund in a research note on Thursday, October 2nd. They set a “buy” rating for the company. Finally, Zacks Research downgraded Carlyle Credit Income Fund from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CCIF. Osaic Holdings Inc. raised its holdings in Carlyle Credit Income Fund by 34.4% during 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 period. Icon Advisers Inc. Co. purchased a new stake in Carlyle Credit Income Fund in the second quarter worth $124,000. J.W. Cole Advisors Inc. increased its stake in Carlyle Credit Income Fund by 16.3% in the second quarter. J.W. Cole Advisors Inc. now owns 219,480 shares of the company’s stock worth $1,422,000 after purchasing an additional 30,808 shares during the period. Wedbush Securities Inc. purchased a new stake in Carlyle Credit Income Fund in the second quarter worth $69,000. Finally, AlphaQ Advisors LLC purchased a new stake in Carlyle Credit Income Fund in the first quarter worth $123,000.

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.