Eagle Point Credit Company Inc. (NYSE:ECCC) Sees Large Decrease in Short Interest

Eagle Point Credit Company Inc. (NYSE:ECCC) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 100 shares, a drop of 97.6% from the December 15th total of 4,100 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 0.0 days.

Eagle Point Credit Stock Performance

Shares of Eagle Point Credit stock traded up $0.18 during midday trading on Monday, hitting $23.00. The company had a trading volume of 1,589 shares, compared to its average volume of 2,967. The company has a fifty day simple moving average of $23.35 and a 200 day simple moving average of $23.04. Eagle Point Credit has a 12-month low of $21.62 and a 12-month high of $24.89.

Eagle Point Credit Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 13th will be given a dividend of $0.1354 per share. This represents a yield of 7.08%. The ex-dividend date of this dividend is Monday, January 13th.

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.