Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Expands By 608.5%

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 62,940 shares, a growth of 608.5% from the January 29th total of 8,883 shares. Based on an average daily trading volume, of 216,010 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 216,010 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Several analysts recently issued reports on CCIF shares. B. Riley Financial cut their target price on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Credit Suisse Group set a $6.00 price target on shares of Carlyle Credit Income Fund in a research note on Thursday, November 20th.

Carlyle Credit Income Fund Stock Performance

CCIF stock traded up $0.08 during trading on Friday, hitting $3.35. 312,455 shares of the company’s stock traded hands, compared to its average volume of 197,291. Carlyle Credit Income Fund has a 1 year low of $3.22 and a 1 year high of $7.90. The business has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $5.03.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $998.83. The company had revenue of $7.12 million for the quarter, compared to the consensus estimate of $7.82 million.

Carlyle Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, May 18th. This represents a c) annualized dividend and a dividend yield of 21.5%.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Large investors have recently made changes to their positions in the stock. Wedbush Securities Inc. acquired a new position in shares of Carlyle Credit Income Fund during the second quarter valued at approximately $69,000. Virtu Financial LLC purchased a new stake in shares of Carlyle Credit Income Fund during the fourth quarter worth approximately $74,000. XTX Topco Ltd acquired a new position in Carlyle Credit Income Fund in the 4th quarter valued at $83,000. Citadel Advisors LLC purchased a new position in Carlyle Credit Income Fund in the 3rd quarter valued at $89,000. Finally, Osaic Holdings Inc. lifted its holdings in Carlyle Credit Income Fund by 34.4% in the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after purchasing an additional 4,388 shares in the last quarter.

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.