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

Carlyle Credit Income Fund (NYSE:CCIF) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 52,800 shares, an increase of 7.8% from the May 31st total of 49,000 shares. Based on an average daily trading volume, of 72,100 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on Carlyle Credit Income Fund in a report on Tuesday, June 4th. They set a “buy” rating and a $9.00 target price on the stock.

Insider Activity

In other news, Director Joan Y. Mccabe acquired 5,950 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of $8.40 per share, for a total transaction of $49,980.00. Following the completion of the transaction, the director now directly owns 12,279 shares in the company, valued at $103,143.60. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of CCIF. Cambridge Investment Research Advisors Inc. raised its position in Carlyle Credit Income Fund by 104.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 338,978 shares of the company’s stock valued at $2,668,000 after buying an additional 173,163 shares during the last quarter. Bulldog Investors LLP acquired a new stake in Carlyle Credit Income Fund in the 4th quarter valued at approximately $1,279,000. Relative Value Partners Group LLC acquired a new stake in Carlyle Credit Income Fund in the 4th quarter valued at approximately $1,118,000. Centaurus Financial Inc. acquired a new stake in Carlyle Credit Income Fund in the 4th quarter valued at approximately $181,000. Finally, SageView Advisory Group LLC acquired a new stake in Carlyle Credit Income Fund in the 4th quarter valued at approximately $96,000.

Carlyle Credit Income Fund Trading Down 1.0 %

Shares of NYSE:CCIF traded down $0.08 during trading on Wednesday, hitting $8.30. 33,846 shares of the company’s stock traded hands, compared to its average volume of 74,271. Carlyle Credit Income Fund has a 52 week low of $7.43 and a 52 week high of $9.96. The company has a 50-day moving average price of $8.17 and a 200-day moving average price of $8.02.

Carlyle Credit Income Fund (NYSE:CCIF) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.33 earnings per share for the quarter. The business had revenue of $7.30 million for the quarter.

Carlyle Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be given a $0.105 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 15.18%. The ex-dividend date of this dividend is Tuesday, August 20th.

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.