Carlyle Credit Income Fund (NYSE:CCIF) Shares Shorted: Short Interest Up 271.6% in September

Carlyle Credit Income Fund (NYSE:CCIF) saw a significant 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 daily volume of 150,066 shares, the short-interest ratio is currently 0.3 days.

Carlyle Credit Income Fund Trading Up 2.7%

Carlyle Credit Income Fund stock traded up $0.06 during midday trading on Friday, reaching $2.34. The stock had a trading volume of 97,812 shares, compared to its average volume of 137,587. Carlyle Credit Income Fund has a 12 month low of $2.20 and a 12 month high of $5.49. The firm’s 50-day moving average price is $2.60 and its 200 day moving average price is $2.91.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The firm had revenue of $4.31 million during the quarter, compared to analysts’ expectations of $5.39 million.

Carlyle Credit Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Tuesday, November 17th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 30.8%. The ex-dividend date of this dividend is Tuesday, November 17th.

Analysts Set New Price Targets

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

Institutional Trading of Carlyle Credit Income Fund

A number of hedge funds have recently modified their holdings of CCIF. Tactive Advisors LLC acquired a new position in shares of Carlyle Credit Income Fund during the third quarter valued at approximately $28,000. Advisory Solutions Group LLC acquired a new position in Carlyle Credit Income Fund during the 2nd quarter worth $113,000. Two Sigma Securities LLC purchased a new stake in Carlyle Credit Income Fund during the 2nd quarter worth about $29,000. Finally, Belpointe Asset Management LLC grew its position in shares of Carlyle Credit Income Fund by 10.9% in the 2nd quarter. Belpointe Asset Management LLC now owns 61,053 shares of the company’s stock valued at $170,000 after buying an additional 6,000 shares during the last quarter.

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.