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

Eagle Point Credit Company Inc. (NYSE:ECCC) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,501 shares, an increase of 305.2% from the August 15th total of 3,085 shares. Based on an average daily volume of 4,361 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of Eagle Point Credit

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 fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 61,395 shares of the company’s stock, valued at approximately $1,523,000.

Eagle Point Credit Trading Down 0.2%

Shares of Eagle Point Credit stock opened at $24.86 on Monday. The business’s 50 day moving average price is $24.98 and its 200 day moving average price is $24.69. Eagle Point Credit has a one year low of $23.02 and a one year high of $25.50.

Eagle Point Credit Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be given a dividend of $0.1354 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, December 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.