Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 5,800 shares, an increase of 123.1% from the August 31st total of 2,600 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is presently 1.3 days.
Eagle Point Credit Stock Up 0.5 %
Shares of NYSE:ECCC traded up $0.13 during trading hours on Friday, hitting $23.50. 2,375 shares of the company’s stock traded hands, compared to its average volume of 6,421. The business has a fifty day moving average price of $22.80 and a 200-day moving average price of $22.41. Eagle Point Credit has a 1 year low of $20.24 and a 1 year high of $23.78.
Eagle Point Credit Announces Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a $0.1354 dividend. The ex-dividend date is Friday, October 11th.
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.
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