Carlyle Credit Income Fund (NYSE:CCIF) Stock Short Interest Climbs 271.6%

Carlyle Credit Income Fund (NYSE:CCIF) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 48,201 shares, a growth of 271.6% from the September 15th total of 12,972 shares. Based on an average trading volume of 150,066 shares, the days-to-cover ratio is currently 0.3 days.

Carlyle Credit Income Fund Trading Up 2.7%

Shares of NYSE CCIF traded up $0.06 during midday trading on Friday, reaching $2.34. The company had a trading volume of 97,812 shares, compared to its average volume of 137,587. The firm’s fifty day moving average price is $2.60 and its 200-day moving average price is $2.91. Carlyle Credit Income Fund has a one year low of $2.20 and a one year high of $5.49.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its earnings results on Wednesday, August 19th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates 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 company also recently announced 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. This represents a $0.72 annualized dividend and a dividend yield of 30.8%. The ex-dividend date is Tuesday, November 17th.

Analysts Set New Price Targets

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

Institutional Trading of Carlyle Credit Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC grew its stake 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 last quarter. Two Sigma Securities LLC purchased a new stake in Carlyle Credit Income Fund in the 2nd quarter valued at about $29,000. Tactive Advisors LLC purchased a new position in shares of Carlyle Credit Income Fund in the 3rd quarter worth about $28,000. Finally, Advisory Solutions Group LLC acquired a new stake in shares of Carlyle Credit Income Fund in the second quarter valued at about $113,000.

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. 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.