Eagle Point Credit Company Inc. (NYSE:ECCC) Sees Significant Decline in Short Interest

Eagle Point Credit Company Inc. (NYSE:ECCC) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,000 shares, a drop of 62.0% from the October 15th total of 7,900 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 0.7 days.

Eagle Point Credit Trading Down 0.1 %

Shares of Eagle Point Credit stock opened at $23.53 on Wednesday. The business’s fifty day simple moving average is $23.27 and its 200 day simple moving average is $22.73. Eagle Point Credit has a 12 month low of $20.71 and a 12 month high of $23.78.

Eagle Point Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be given a dividend of $0.1354 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.63 annualized dividend and a yield of 6.91%.

Eagle Point Credit Company Profile

Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.