Carlyle Credit Income Fund (NYSE:CCIF) Sees Significant Growth in Short Interest

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 73,700 shares, a growth of 132.5% from the September 30th total of 31,700 shares. Based on an average daily volume of 113,100 shares, the days-to-cover ratio is presently 0.7 days.

Carlyle Credit Income Fund Price Performance

CCIF traded up $0.01 during trading hours on Friday, reaching $8.23. 73,645 shares of the stock traded hands, compared to its average volume of 86,764. Carlyle Credit Income Fund has a fifty-two week low of $7.43 and a fifty-two week high of $8.80. The firm’s fifty day simple moving average is $8.41 and its two-hundred day simple moving average is $8.25.

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

Carlyle Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.26 annualized dividend and a yield of 15.31%.

Hedge Funds Weigh In On Carlyle Credit Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. lifted its position in shares of Carlyle Credit Income Fund by 31.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 444,548 shares of the company’s stock worth $3,636,000 after purchasing an additional 105,570 shares during the last quarter. Access Financial Services Inc. raised its stake in Carlyle Credit Income Fund by 15.5% during the second quarter. Access Financial Services Inc. now owns 81,130 shares of the company’s stock valued at $664,000 after buying an additional 10,860 shares in the last quarter. Cetera Advisors LLC bought a new position in Carlyle Credit Income Fund during the 1st quarter worth approximately $79,000. Finally, Choreo LLC acquired a new position in shares of Carlyle Credit Income Fund in the 1st quarter worth approximately $83,000.

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.