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

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,900 shares, anincreaseof26.1% from the July 15th total of 2,300 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 0.9 days.

Eagle Point Credit Stock Performance

ECCC opened at $23.3640 on Friday. Eagle Point Credit has a twelve month low of $21.87 and a twelve month high of $24.89. The company has a 50-day moving average price of $23.42 and a 200 day moving average price of $22.98.

Eagle Point Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Thursday, December 11th will be paid a $0.1354 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 7.0%.

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.