Eagle Point Credit Company Inc. (NYSE:ECCC) Stock Short Interest Report for October

Eagle Point Credit Company Inc. (NYSE:ECCC) saw a large 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 Performance

Shares of NYSE ECCC traded down $0.22 during midday trading on Friday, hitting $24.28. The stock had a trading volume of 2,260 shares, compared to its average volume of 4,879. Eagle Point Credit has a 1-year low of $22.48 and a 1-year high of $25.50. The company has a fifty day moving average price of $24.71 and a 200 day moving average price of $24.63.

Eagle Point Credit Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 11th will be given a dividend of $0.1354 per share. This represents a $1.63 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, December 11th.

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.