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

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 85,700 shares, an increase of 16.3% from the October 15th total of 73,700 shares. Based on an average daily trading volume, of 113,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Carlyle Credit Income Fund

Large investors have recently made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in Carlyle Credit Income Fund during the 1st quarter worth approximately $79,000. Access Financial Services Inc. increased its position in shares of Carlyle Credit Income Fund by 15.5% during the second quarter. Access Financial Services Inc. now owns 81,130 shares of the company’s stock worth $664,000 after acquiring an additional 10,860 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Carlyle Credit Income Fund by 31.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 444,548 shares of the company’s stock worth $3,636,000 after acquiring an additional 105,570 shares during the period. Finally, HighTower Advisors LLC lifted its position in Carlyle Credit Income Fund by 65.2% in the 3rd quarter. HighTower Advisors LLC now owns 29,598 shares of the company’s stock valued at $244,000 after acquiring an additional 11,682 shares in the last quarter.

Carlyle Credit Income Fund Trading Up 1.1 %

Carlyle Credit Income Fund stock opened at $8.28 on Monday. Carlyle Credit Income Fund has a 12-month low of $7.43 and a 12-month high of $8.80. The business’s 50-day simple moving average is $8.31 and its 200 day simple moving average is $8.29.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $7.38 million during the quarter, compared to the consensus estimate of $7.51 million.

Carlyle Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be given a dividend of $0.105 per share. The ex-dividend date is Monday, November 18th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 15.22%.

Carlyle Credit Income Fund Company Profile

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.