Short Interest in Eagle Point Credit Company Inc. (NYSE:ECCC) Rises By 90.9%

Eagle Point Credit Company Inc. (NYSE:ECCC) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 4,200 shares, an increase of 90.9% from the January 15th total of 2,200 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is currently 1.2 days.

Eagle Point Credit Price Performance

Shares of NYSE:ECCC traded up $0.01 during midday trading on Friday, hitting $23.05. The company had a trading volume of 633 shares, compared to its average volume of 3,134. The business’s 50-day simple moving average is $23.03 and its 200-day simple moving average is $23.12. Eagle Point Credit has a twelve month low of $21.62 and a twelve month high of $24.89.

Eagle Point Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.1354 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.63 annualized dividend and a dividend yield of 7.05%.

About Eagle Point Credit

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.