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

Carlyle Credit Income Fund (NYSE:CCIFGet Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 29,220 shares, a decrease of 93.0% from the July 30th total of 420,223 shares. Based on an average daily volume of 129,016 shares, the short-interest ratio is currently 0.2 days.

Carlyle Credit Income Fund Stock Up 0.9%

NYSE:CCIF traded up $0.03 during mid-day trading on Thursday, reaching $2.69. 89,071 shares of the company’s stock traded hands, compared to its average volume of 138,843. The company has a 50 day moving average price of $2.78 and a 200-day moving average price of $3.13. Carlyle Credit Income Fund has a 12-month low of $2.57 and a 12-month high of $5.95.

Carlyle Credit Income Fund (NYSE:CCIFGet Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). The business had revenue of $4.31 million during the quarter, compared to analyst estimates of $5.39 million.

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Tuesday, November 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a c) dividend on an annualized basis and a yield of 26.8%.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Carlyle Credit Income Fund

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCIF. Bulldog Investors LLP lifted its position in shares of Carlyle Credit Income Fund by 2.7% in the 4th quarter. Bulldog Investors LLP now owns 337,241 shares of the company’s stock worth $1,582,000 after purchasing an additional 8,826 shares during the period. J.W. Cole Advisors Inc. increased its position in shares of Carlyle Credit Income Fund by 18.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 305,394 shares of the company’s stock valued at $1,432,000 after buying an additional 46,681 shares during the period. Thomas J. Herzfeld Advisors Inc. increased its position in shares of Carlyle Credit Income Fund by 497.1% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 201,113 shares of the company’s stock valued at $943,000 after buying an additional 167,429 shares during the period. Almitas Capital LLC bought a new position in Carlyle Credit Income Fund in the fourth quarter worth about $738,000. Finally, Eagle Point Credit Management LLC bought a new position in Carlyle Credit Income Fund in the fourth quarter worth about $729,000.

About Carlyle Credit Income Fund

(Get Free Report)

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.

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