Eagle Point Credit Company Inc. (NYSE:ECCC) Short Interest Up 4,899.3% in December

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 20,397 shares, an increase of 4,899.3% from the November 30th total of 408 shares. Based on an average daily volume of 6,337 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 6,337 shares, the days-to-cover ratio is currently 3.2 days.

Eagle Point Credit Price Performance

Shares of ECCC stock remained flat at $24.80 during trading hours on Thursday. 9,249 shares of the stock traded hands, compared to its average volume of 4,079. The stock has a fifty day moving average of $23.74 and a two-hundred day moving average of $23.55. Eagle Point Credit has a twelve month low of $21.87 and a twelve month high of $25.00.

Eagle Point Credit Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.1354 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a c) annualized dividend and a yield of 6.6%.

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.