Carlyle Credit Income Fund (NYSE:CCIF) Stock Short Interest Report for October

Carlyle Credit Income Fund (NYSE:CCIF) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 31,279 shares, a decrease of 35.1% from the September 30th total of 48,201 shares. Based on an average daily volume of 157,541 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. StoneX Group Inc. acquired a new position in shares of Carlyle Credit Income Fund in the 3rd quarter valued at approximately $29,000. Tactive Advisors LLC bought a new position in shares of Carlyle Credit Income Fund during the third quarter worth about $28,000. Advisory Solutions Group LLC acquired a new position in shares of Carlyle Credit Income Fund in the 2nd quarter worth approximately $113,000. Two Sigma Securities LLC bought a new stake in Carlyle Credit Income Fund during the second quarter valued at $29,000. Finally, Belpointe Asset Management LLC boosted its position in shares of 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 valued at $170,000 after purchasing an additional 6,000 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on CCIF. Zacks Research lowered Carlyle Credit Income Fund from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 14th. Credit Suisse Group set a $3.50 target price on shares of Carlyle Credit Income Fund in a research report on Friday, August 21st.

Carlyle Credit Income Fund Trading Up 0.8%

Carlyle Credit Income Fund stock opened at $1.91 on Wednesday. Carlyle Credit Income Fund has a twelve month low of $1.75 and a twelve month high of $5.33. The company has a 50 day moving average of $2.33 and a 200-day moving average of $3.04.

Carlyle Credit Income Fund (NYSE:CCIF) last announced 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 company had revenue of $4.31 million during the quarter, compared to analyst estimates of $5.39 million.

Carlyle Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Tuesday, November 17th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 37.8%. The ex-dividend date is Tuesday, November 17th.

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.