Carlyle Credit Income Fund (NYSE:CCIF) Short Interest Up 16.3% in October

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

Carlyle Credit Income Fund Price Performance

Shares of Carlyle Credit Income Fund stock opened at $8.28 on Monday. The firm has a 50 day simple moving average of $8.31 and a 200 day simple moving average of $8.29. Carlyle Credit Income Fund has a fifty-two week low of $7.43 and a fifty-two week high of $8.80.

Carlyle Credit Income Fund (NYSE:CCIF) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $7.38 million during the quarter, compared to analyst estimates 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. Shareholders of record on Monday, November 18th will be paid a $0.105 dividend. This represents a $1.26 annualized dividend and a yield of 15.22%. The ex-dividend date is Monday, November 18th.

Institutional Investors Weigh In On Carlyle Credit Income Fund

Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised 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 period. Access Financial Services Inc. raised its holdings 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 buying an additional 10,860 shares during the period. HighTower Advisors LLC lifted its stake in Carlyle Credit Income Fund by 65.2% in the third quarter. HighTower Advisors LLC now owns 29,598 shares of the company’s stock valued at $244,000 after buying an additional 11,682 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Carlyle Credit Income Fund in the first quarter valued at approximately $79,000.

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.