Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Increases By 459.7%

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 66,600 shares, an increase of 459.7% from the August 31st total of 11,900 shares. Based on an average daily volume of 101,600 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on shares of Carlyle Credit Income Fund in a report on Tuesday, June 4th. They issued a “buy” rating and a $9.00 target price for the company.

Institutional Trading of Carlyle Credit Income Fund

A number of large investors have recently bought and sold shares of CCIF. Cetera Advisors LLC purchased a new position in Carlyle Credit Income Fund in the first quarter worth $79,000. D.A. Davidson & CO. purchased a new stake in Carlyle Credit Income Fund during the fourth quarter worth about $80,000. Choreo LLC acquired a new position in Carlyle Credit Income Fund during the first quarter worth about $83,000. SageView Advisory Group LLC acquired a new stake in shares of Carlyle Credit Income Fund during the 4th quarter valued at approximately $96,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Carlyle Credit Income Fund during the 4th quarter worth approximately $181,000.

Carlyle Credit Income Fund Trading Up 0.2 %

Shares of Carlyle Credit Income Fund stock traded up $0.02 during trading hours on Wednesday, hitting $8.25. The company had a trading volume of 36,482 shares, compared to its average volume of 83,334. The company’s 50-day moving average is $8.36 and its two-hundred day moving average is $8.19. Carlyle Credit Income Fund has a twelve month low of $7.43 and a twelve month high of $8.80.

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

Carlyle Credit Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a yield of 15.27%. The ex-dividend date of this dividend is Monday, November 18th.

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.