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

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,500 shares, a growth of 31.0% from the January 31st total of 4,200 shares. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is currently 1.7 days.

Eagle Point Credit Stock Down 0.3 %

ECCC stock traded down $0.07 during trading hours on Thursday, hitting $23.22. 6,654 shares of the stock were exchanged, compared to its average volume of 3,564. The company has a 50-day simple moving average of $22.99 and a two-hundred day simple moving average of $23.18. Eagle Point Credit has a 12 month low of $21.62 and a 12 month high of $24.89.

Eagle Point Credit Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.1354 dividend. This represents a $1.63 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Tuesday, June 10th.

About Eagle Point Credit

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.