Eagle Point Credit Company Inc. (NYSE:ECCC) Short Interest Update

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 7,519 shares, a decline of 67.8% from the December 31st total of 23,333 shares. Based on an average trading volume of 6,603 shares, the days-to-cover ratio is presently 1.1 days. Based on an average trading volume of 6,603 shares, the days-to-cover ratio is presently 1.1 days.

Eagle Point Credit Trading Down 0.3%

NYSE ECCC traded down $0.07 during trading hours on Wednesday, hitting $24.53. 5,143 shares of the stock were exchanged, compared to its average volume of 5,350. Eagle Point Credit has a 12-month low of $21.87 and a 12-month high of $25.00. The stock has a 50-day moving average of $24.36 and a 200 day moving average of $23.80.

Eagle Point Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 11th will be issued a $0.1354 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Wednesday, March 11th.

About Eagle Point Credit

Eagle Point Credit Company (NYSE: ECCC) is a closed-end management investment company that specializes in structured finance assets. Since its formation in January 2018, the company has pursued a strategy aimed at generating current income and capital appreciation by investing in a diversified portfolio of collateralized loan obligations (CLOs) and other structured credit instruments. Eagle Point Credit’s investment mandate encompasses both equity and debt tranches of CLOs, as well as select specialty finance exposures, allowing it to capture opportunities across the capital structure.

The firm’s portfolio is predominantly concentrated in U.S.-domiciled collateral vehicles, with the flexibility to allocate to European and other developed-market credits when attractive risk-adjusted returns are available.