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

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

Carlyle Credit Income Fund Price Performance

Carlyle Credit Income Fund stock traded up $0.07 during trading on Wednesday, reaching $3.47. The company had a trading volume of 99,084 shares, compared to its average volume of 194,553. Carlyle Credit Income Fund has a 12-month low of $3.22 and a 12-month high of $7.90. The stock’s 50 day moving average price is $4.40 and its two-hundred day moving average price is $5.04.

Carlyle Credit Income Fund (NYSE:CCIF) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CCIF shares. B. Riley Financial cut their price target on shares of Carlyle Credit Income Fund from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Credit Suisse Group set a $6.00 price objective on Carlyle Credit Income Fund in a report on Thursday, November 20th. Finally, Zacks Research upgraded Carlyle Credit Income Fund from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 29th.

Institutional Trading of Carlyle Credit Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of CCIF. Wedbush Securities Inc. increased its position in shares of Carlyle Credit Income Fund by 38.7% in the 3rd quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock worth $87,000 after purchasing an additional 4,150 shares during the last quarter. Osaic Holdings Inc. grew its stake in Carlyle Credit Income Fund by 34.4% in the second quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after purchasing an additional 4,388 shares in the last quarter. Bulldog Investors LLP increased its holdings in Carlyle Credit Income Fund by 2.7% in the fourth quarter. Bulldog Investors LLP now owns 337,241 shares of the company’s stock valued at $1,582,000 after buying an additional 8,826 shares during the last quarter. Citadel Advisors LLC bought a new stake in Carlyle Credit Income Fund in the third quarter valued at about $89,000. Finally, Virtu Financial LLC acquired a new stake in Carlyle Credit Income Fund during the fourth quarter valued at approximately $74,000.

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.