Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 3,085 shares, a decline of 38.4% from the July 30th total of 5,011 shares. Based on an average daily trading volume, of 3,835 shares, the short-interest ratio is presently 0.8 days.
Eagle Point Credit Price Performance
NYSE ECCC traded down $0.03 on Tuesday, reaching $25.07. The stock had a trading volume of 5,833 shares, compared to its average volume of 5,489. Eagle Point Credit has a 12-month low of $23.02 and a 12-month high of $25.50. The business’s 50-day moving average price is $24.97 and its 200 day moving average price is $24.66.
Eagle Point Credit Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be issued a $0.1354 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, December 11th.
Institutional Trading of Eagle Point Credit
Eagle Point Credit Company Profile
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.
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