Eagle Point Credit Company Inc. (NYSE:ECCC) Short Interest Up 4,899.3% in December

Eagle Point Credit Company Inc. (NYSE:ECCC) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 20,397 shares, an increase of 4,899.3% from the November 30th total of 408 shares. Based on an average daily volume of 6,337 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 6,337 shares, the short-interest ratio is currently 3.2 days.

Eagle Point Credit Stock Performance

Shares of NYSE:ECCC remained flat at $24.80 on Wednesday. 9,249 shares of the stock traded hands, compared to its average volume of 4,079. The firm’s 50 day moving average price is $23.71 and its 200 day moving average price is $23.54. Eagle Point Credit has a one year low of $21.87 and a one year high of $25.00.

Eagle Point Credit Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 11th will be given a $0.1354 dividend. The ex-dividend date is Wednesday, March 11th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

Eagle Point Credit Company Profile

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.