Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 3,000 shares, a drop of 62.0% from the October 15th total of 7,900 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is presently 0.7 days.
Eagle Point Credit Trading Up 0.9 %
Shares of ECCC traded up $0.20 during mid-day trading on Friday, reaching $23.70. The company had a trading volume of 600 shares, compared to its average volume of 6,094. The company’s 50 day simple moving average is $23.31 and its 200 day simple moving average is $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 disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be issued a $0.1354 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.63 dividend on an annualized basis and a yield of 6.86%.
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.
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