Eagle Point Credit Company Inc. (NYSE:ECCC) Stock Short Interest Declines 80.1%

Eagle Point Credit Company Inc. (NYSE:ECCC) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,492 shares, a decrease of 80.1% from the August 31st total of 12,501 shares. Based on an average daily trading volume, of 2,263 shares, the days-to-cover ratio is presently 1.1 days.

Eagle Point Credit Stock Down 0.3%

Shares of Eagle Point Credit stock traded down $0.06 during trading on Friday, hitting $24.94. The company’s stock had a trading volume of 244 shares, compared to its average volume of 5,156. The company has a fifty day simple moving average of $24.98 and a two-hundred day simple moving average of $24.72. Eagle Point Credit has a 52 week low of $23.02 and a 52 week high of $25.50.

Eagle Point Credit Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 11th will be issued a $0.1354 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Friday, December 11th.

About Eagle Point Credit

Eagle Point Credit Company Inc is a closed-end management investment company focused primarily on collateralized loan obligations (CLOs). The company seeks to generate current income and, to a lesser extent, capital appreciation through investments in CLO equity and junior debt tranches, which are backed mainly by portfolios of senior secured corporate loans.

In addition to CLO securities, Eagle Point Credit may invest in related credit instruments and vehicles, including warehouse facilities, loan accumulation facilities and other corporate credit investments.