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

Eagle Point Credit Company Inc. (NYSE:ECCC) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,519 shares, an increase of 77.8% from the June 15th total of 2,541 shares. Based on an average daily volume of 2,971 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Eagle Point Credit

An institutional investor recently bought a new position in Eagle Point Credit stock. Karpus Management Inc. purchased a new position in shares of Eagle Point Credit Company Inc. (NYSE:ECCC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 61,395 shares of the company’s stock, valued at approximately $1,523,000.

Eagle Point Credit Stock Up 1.0%

ECCC opened at $24.88 on Friday. Eagle Point Credit has a fifty-two week low of $22.94 and a fifty-two week high of $25.10. The business has a 50-day moving average of $24.71 and a 200-day moving average of $24.56.

Eagle Point Credit Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $0.1354 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 10th.

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.