Short Interest in Eagle Point Credit Company Inc. (NYSE:ECCC) Decreases By 62.0%

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,000 shares, a decline of 62.0% from the October 15th total of 7,900 shares. Based on an average daily trading volume, of 4,100 shares, the short-interest ratio is presently 0.7 days.

Eagle Point Credit Trading Down 0.4 %

Shares of ECCC stock opened at $23.50 on Friday. The stock has a 50 day simple moving average of $23.30 and a 200 day simple moving average of $22.75. Eagle Point Credit has a 1 year low of $20.71 and a 1 year high of $23.99.

Eagle Point Credit Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.1354 per share. This represents a $1.63 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend is Tuesday, March 11th.

Eagle Point Credit Company Profile

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.