Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Up 475.0% in February

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 trading volume of 357,775 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 357,775 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. bought a new stake in shares of Carlyle Credit Income Fund during the second quarter worth about $69,000. Citadel Advisors LLC acquired a new stake in Carlyle Credit Income Fund in the third quarter valued at $89,000. Virtu Financial LLC bought a new position in Carlyle Credit Income Fund during the 4th quarter worth $74,000. Osaic Holdings Inc. lifted its holdings in Carlyle Credit Income Fund by 34.4% during the 2nd quarter. Osaic Holdings Inc. now owns 17,135 shares of the company’s stock worth $111,000 after buying an additional 4,388 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Carlyle Credit Income Fund in the fourth quarter worth approximately $83,000.

Analysts Set New Price Targets

CCIF has been the subject of several research reports. Credit Suisse Group set a $6.00 price target on Carlyle Credit Income Fund in a report on Thursday, November 20th. B. Riley Financial reduced their price objective on shares of 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 Trading Down 1.3%

Shares of CCIF traded down $0.05 during trading hours on Thursday, hitting $3.31. 105,281 shares of the stock traded hands, compared to its average volume of 189,991. Carlyle Credit Income Fund has a 1-year low of $3.15 and a 1-year high of $7.90. The business has a fifty day moving average of $4.13 and a 200-day moving average of $4.88.

Carlyle Credit Income Fund (NYSE:CCIF) last posted 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 business had revenue of $7.12 million for the quarter, compared to the consensus estimate of $7.82 million.

Carlyle Credit Income Fund Announces Dividend

The business 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. The ex-dividend date is Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 21.8%.

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.