Eagle Point Credit Company Inc. (NYSE:ECCC) Sees Significant Growth in Short Interest

Eagle Point Credit Company Inc. (NYSE:ECCC) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,200 shares, a growth of 33.3% from the April 30th total of 900 shares. Based on an average daily volume of 4,600 shares, the days-to-cover ratio is currently 0.3 days.

Eagle Point Credit Trading Up 0.7%

Shares of ECCC opened at $22.62 on Wednesday. The company has a 50-day moving average of $22.45 and a 200 day moving average of $22.92. Eagle Point Credit has a 1-year low of $21.87 and a 1-year high of $24.89.

Eagle Point Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $0.1354 dividend. This represents a $1.63 annualized dividend and a dividend yield of 7.19%. The ex-dividend date is Wednesday, September 10th.

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.