Eagle Point Credit Company Inc. (NYSE:ECCC) Shares Shorted: Short Interest Down 45.2% in October

Eagle Point Credit Company Inc. (NYSE:ECCC) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,036 shares, a decrease of 45.2% from the September 30th total of 1,889 shares. Based on an average trading volume of 1,913 shares, the short-interest ratio is presently 0.5 days.

Eagle Point Credit Stock Performance

Shares of ECCC traded down $0.22 during mid-day trading on Friday, hitting $24.28. The stock had a trading volume of 2,260 shares, compared to its average volume of 4,879. Eagle Point Credit has a 52 week low of $22.48 and a 52 week high of $25.50. The business has a fifty day moving average price of $24.71 and a 200-day moving average price of $24.63.

Eagle Point Credit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be issued a $0.1354 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Friday, December 11th.

About Eagle Point Credit

Eagle Point Credit Company Inc is a closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured investment vehicles backed largely by portfolios of senior secured loans made to companies with below-investment-grade credit ratings.

The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in CLO equity and debt tranches. Its portfolio may also include other credit-related instruments, including corporate debt securities and loans.