Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Update

Carlyle Credit Income Fund (NYSE:CCIF – Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 12,972 shares, a decline of 60.0% from the August 31st total of 32,411 shares. Based on an average daily trading volume, of 105,999 shares, the days-to-cover ratio is currently 0.1 days.

Carlyle Credit Income Fund Trading Down 0.8%

NYSE:CCIF traded down $0.02 during trading hours on Monday, reaching $2.40. 52,547 shares of the company’s stock were exchanged, compared to its average volume of 137,754. Carlyle Credit Income Fund has a 12 month low of $2.20 and a 12 month high of $5.95. The business’s 50-day simple moving average is $2.67 and its two-hundred day simple moving average is $2.97.

Carlyle Credit Income Fund (NYSE:CCIF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.07 earnings per share (EPS) 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 the consensus estimate of $5.39 million.

Carlyle Credit Income Fund Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on Carlyle Credit Income Fund

Institutional Investors Weigh In On Carlyle Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Advisory Solutions Group LLC acquired a new position in shares of Carlyle Credit Income Fund in the 2nd quarter valued at $113,000. Two Sigma Securities LLC acquired a new stake in Carlyle Credit Income Fund during the 2nd quarter worth about $29,000. Belpointe Asset Management LLC raised its holdings in Carlyle Credit Income Fund by 10.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock worth $170,000 after buying an additional 6,000 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in 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 in the last quarter.

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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