Eagle Point Credit Company Inc. (NYSE:ECCC) Short Interest Down 70.8% in March

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 4,408 shares, a drop of 70.8% from the February 26th total of 15,116 shares. Based on an average trading volume of 8,136 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 8,136 shares, the short-interest ratio is presently 0.5 days.

Eagle Point Credit Stock Down 0.1%

Shares of NYSE ECCC traded down $0.01 during mid-day trading on Wednesday, hitting $24.54. The company had a trading volume of 6,726 shares, compared to its average volume of 5,935. Eagle Point Credit has a 12 month low of $21.87 and a 12 month high of $25.00. The business’s 50-day simple moving average is $24.43 and its 200-day simple moving average is $24.05.

Eagle Point Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a $0.1354 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 6.6%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Eagle Point Credit stock. Karpus Management Inc. bought a new stake in Eagle Point Credit Company Inc. (NYSE:ECCC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 61,395 shares of the company’s stock, valued at approximately $1,523,000.

Eagle Point Credit Company Profile

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.