Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Expands By 39.7%

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 744,404 shares, an increase of 39.7% from the March 15th total of 533,043 shares. Based on an average daily trading volume, of 143,487 shares, the short-interest ratio is presently 5.2 days.

Carlyle Credit Income Fund Price Performance

Shares of CCIF opened at $3.38 on Friday. Carlyle Credit Income Fund has a twelve month low of $3.01 and a twelve month high of $6.97. The company’s fifty day simple moving average is $3.41 and its 200-day simple moving average is $4.44.

Carlyle Credit Income Fund (NYSE:CCIF) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of $0.17 by $998.83. The firm 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 company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be given a $0.06 dividend. This represents a c) dividend on an annualized basis and a yield of 21.3%. The ex-dividend date of this dividend is Monday, May 18th.

Insider Activity

In related news, Director Lauren Michelle Basmadjian acquired 16,000 shares of Carlyle Credit Income Fund stock in a transaction dated Monday, March 16th. The shares were purchased at an average price of $3.22 per share, for a total transaction of $51,520.00. Following the completion of the transaction, the director directly owned 37,448 shares in the company, valued at approximately $120,582.56. This represents a 74.60% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Carlyle Credit Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of CCIF. Virtu Financial LLC purchased a new position in Carlyle Credit Income Fund during the 4th quarter valued at $74,000. XTX Topco Ltd purchased a new position in Carlyle Credit Income Fund during the 4th quarter valued at $83,000. Wedbush Securities Inc. boosted its holdings in Carlyle Credit Income Fund by 38.7% during the 3rd quarter. Wedbush Securities Inc. now owns 14,868 shares of the company’s stock valued at $87,000 after acquiring an additional 4,150 shares during the period. Citadel Advisors LLC purchased a new position in Carlyle Credit Income Fund during the 3rd quarter valued at $89,000. Finally, Osaic Holdings Inc. boosted 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 valued at $111,000 after acquiring an additional 4,388 shares during the period.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners reiterated a “buy” rating on shares of Carlyle Credit Income Fund in a research report on Thursday.

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.