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

Carlyle Credit Income Fund (NYSE:CCIF) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 85,700 shares, an increase of 16.3% from the October 15th total of 73,700 shares. Based on an average daily volume of 113,500 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCIF. Cambridge Investment Research Advisors Inc. lifted its position in 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 valued at $3,636,000 after buying an additional 105,570 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Carlyle Credit Income Fund by 65.2% in the 3rd quarter. HighTower Advisors LLC now owns 29,598 shares of the company’s stock valued at $244,000 after acquiring an additional 11,682 shares during the period. Access Financial Services Inc. boosted its position in Carlyle Credit Income Fund by 15.5% during the 2nd quarter. Access Financial Services Inc. now owns 81,130 shares of the company’s stock worth $664,000 after purchasing an additional 10,860 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in Carlyle Credit Income Fund during the 1st quarter worth $79,000.

Carlyle Credit Income Fund Stock Up 1.2 %

CCIF traded up $0.09 during midday trading on Friday, hitting $8.28. The company’s stock had a trading volume of 93,802 shares, compared to its average volume of 90,258. Carlyle Credit Income Fund has a 52-week low of $7.43 and a 52-week high of $8.80. The firm has a 50-day moving average price of $8.31 and a two-hundred day moving average price of $8.28.

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

Carlyle Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a $0.105 dividend. This represents a $1.26 annualized dividend and a dividend yield of 15.22%. The ex-dividend date is Monday, November 18th.

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.