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

Carlyle Credit Income Fund (NYSE:CCIF) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 52,800 shares, a growth of 7.8% from the May 31st total of 49,000 shares. Based on an average daily trading volume, of 72,100 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, B. Riley started coverage on Carlyle Credit Income Fund in a research note on Tuesday, June 4th. They set a “buy” rating and a $9.00 price target on the stock.

Insiders Place Their Bets

In other news, Director Joan Y. Mccabe purchased 5,950 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of $8.40 per share, with a total value of $49,980.00. Following the purchase, the director now directly owns 12,279 shares of the company’s stock, valued at $103,143.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new position in shares of Carlyle Credit Income Fund in the 4th quarter worth about $80,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Carlyle Credit Income Fund during the 4th quarter worth approximately $1,318,000. Relative Value Partners Group LLC purchased a new position in Carlyle Credit Income Fund in the fourth quarter valued at approximately $1,118,000. Bulldog Investors LLP acquired a new position in Carlyle Credit Income Fund during the fourth quarter valued at approximately $1,279,000. Finally, Centaurus Financial Inc. purchased a new stake in Carlyle Credit Income Fund during the fourth quarter worth approximately $181,000.

Carlyle Credit Income Fund Stock Performance

CCIF opened at $8.30 on Thursday. Carlyle Credit Income Fund has a 12 month low of $7.43 and a 12 month high of $9.96. The business has a 50-day moving average of $8.18 and a two-hundred day moving average of $8.03.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its quarterly earnings results on Wednesday, May 29th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $7.30 million for the quarter.

Carlyle Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be given a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 15.18%. The ex-dividend date of this dividend is Tuesday, August 20th.

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.