Short Interest in Carlyle Credit Income Fund (NYSE:CCIF) Drops By 34.4%

Carlyle Credit Income Fund (NYSE:CCIF) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 300,056 shares, a drop of 34.4% from the June 15th total of 457,286 shares. Based on an average daily volume of 160,419 shares, the short-interest ratio is currently 1.9 days.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners reissued a “buy” rating on shares of Carlyle Credit Income Fund in a research note on Thursday, April 16th.

Institutional Trading of Carlyle Credit Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in CCIF. Bulldog Investors LLP increased its position in shares of Carlyle Credit Income Fund by 2.7% during the 4th quarter. Bulldog Investors LLP now owns 337,241 shares of the company’s stock worth $1,582,000 after purchasing an additional 8,826 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in Carlyle Credit Income Fund by 18.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 305,394 shares of the company’s stock worth $1,432,000 after acquiring an additional 46,681 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its position in Carlyle Credit Income Fund by 497.1% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 201,113 shares of the company’s stock worth $943,000 after acquiring an additional 167,429 shares in the last quarter. Almitas Capital LLC acquired a new stake in Carlyle Credit Income Fund in the fourth quarter valued at $738,000. Finally, Eagle Point Credit Management LLC acquired a new stake in Carlyle Credit Income Fund in the fourth quarter valued at $729,000.

Carlyle Credit Income Fund Price Performance

Carlyle Credit Income Fund stock opened at $2.80 on Friday. The company’s 50 day simple moving average is $3.01 and its 200 day simple moving average is $3.50. Carlyle Credit Income Fund has a fifty-two week low of $2.57 and a fifty-two week high of $6.53.

Carlyle Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 19th. This represents a c) dividend on an annualized basis and a dividend yield of 25.7%.

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.