Eagle Point Credit Company Inc. (NYSE:ECCC) Stock Short Interest Declines 45.2%

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

Eagle Point Credit Stock Down 1.3%

Shares of ECCC stock traded down $0.32 on Monday, reaching $23.98. 3,730 shares of the company were exchanged, compared to its average volume of 4,873. The business has a 50-day moving average price of $24.68 and a 200 day moving average price of $24.63. Eagle Point Credit has a 1 year low of $22.48 and a 1 year high of $25.50.

Eagle Point Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be paid a $0.1354 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.63 dividend on an annualized basis and a yield of 6.8%.

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.