Eagle Point Credit Company Inc. (NYSE:ECCC) Short Interest Update

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,541 shares, a decrease of 62.5% from the May 31st total of 6,773 shares. Based on an average daily trading volume, of 5,081 shares, the short-interest ratio is currently 0.5 days.

Eagle Point Credit Stock Down 0.5%

ECCC traded down $0.12 during trading on Tuesday, hitting $24.98. The company’s stock had a trading volume of 579 shares, compared to its average volume of 6,306. The business’s 50 day simple moving average is $24.62 and its 200-day simple moving average is $24.54. Eagle Point Credit has a one year low of $22.94 and a one year high of $25.10.

Eagle Point Credit Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $0.1354 dividend. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 10th.

Hedge Funds Weigh In On Eagle Point Credit

An institutional investor recently bought a new stake in Eagle Point Credit stock. Karpus Management Inc. purchased a new position in Eagle Point Credit Company Inc. (NYSE:ECCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,395 shares of the company’s stock, valued at approximately $1,523,000.

About Eagle Point Credit

Eagle Point Credit Company (NYSE: ECCC) is a closed-end management investment company that specializes in structured finance assets. Since its formation in January 2018, the company has pursued a strategy aimed at generating current income and capital appreciation by investing in a diversified portfolio of collateralized loan obligations (CLOs) and other structured credit instruments. Eagle Point Credit’s investment mandate encompasses both equity and debt tranches of CLOs, as well as select specialty finance exposures, allowing it to capture opportunities across the capital structure.

The firm’s portfolio is predominantly concentrated in U.S.-domiciled collateral vehicles, with the flexibility to allocate to European and other developed-market credits when attractive risk-adjusted returns are available.