Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Grows By 475.0%

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 361,922 shares, an increase of 475.0% from the February 12th total of 62,940 shares. Based on an average daily volume of 357,775 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 357,775 shares, the short-interest ratio is currently 1.0 days.

Carlyle Credit Income Fund Trading Up 4.1%

NYSE CCIF traded up $0.13 during trading hours on Tuesday, reaching $3.36. 132,483 shares of the company traded hands, compared to its average volume of 193,078. Carlyle Credit Income Fund has a 12 month low of $3.15 and a 12 month high of $7.90. The company has a 50 day moving average of $4.16 and a two-hundred day moving average of $4.90.

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

Carlyle Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be paid a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 21.4%. The ex-dividend date is Monday, May 18th.

Institutional Trading of Carlyle Credit Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wedbush Securities Inc. bought a new position in Carlyle Credit Income Fund during the 2nd quarter worth approximately $69,000. Virtu Financial LLC acquired a new position in shares of Carlyle Credit Income Fund in the 4th quarter worth approximately $74,000. XTX Topco Ltd bought a new stake in shares of Carlyle Credit Income Fund in the 4th quarter valued at approximately $83,000. Citadel Advisors LLC bought a new stake in shares of Carlyle Credit Income Fund in the 3rd quarter valued at approximately $89,000. Finally, Osaic Holdings Inc. raised its position in shares of Carlyle Credit Income Fund by 34.4% during the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock valued at $111,000 after acquiring an additional 4,388 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Credit Suisse Group set a $6.00 price objective on shares of Carlyle Credit Income Fund in a report on Thursday, November 20th. B. Riley Financial lowered their target price on Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, November 20th.

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.