Eagle Point Credit Company Inc. (NYSE:ECCC) Short Interest Up 31.0% in February

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 5,500 shares, an increase of 31.0% from the January 31st total of 4,200 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 1.7 days.

Eagle Point Credit Stock Performance

Shares of ECCC traded up $0.11 during midday trading on Tuesday, hitting $23.31. 3,570 shares of the company’s stock traded hands, compared to its average volume of 3,590. The firm’s fifty day moving average is $22.98 and its 200-day moving average is $23.18. Eagle Point Credit has a 1 year low of $21.62 and a 1 year high of $24.89.

Eagle Point Credit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.1354 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend is Tuesday, June 10th.

Eagle Point Credit Company Profile

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.