Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 12,501 shares, a growth of 305.2% from the August 15th total of 3,085 shares. Based on an average trading volume of 4,361 shares, the short-interest ratio is presently 2.9 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Eagle Point Credit stock. Karpus Management Inc. purchased a new stake in Eagle Point Credit Company Inc. (NYSE:ECCC – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 61,395 shares of the company’s stock, valued at approximately $1,523,000.
Eagle Point Credit Price Performance
NYSE:ECCC opened at $24.86 on Friday. The business has a fifty day simple moving average of $24.98 and a two-hundred day simple moving average of $24.69. Eagle Point Credit has a 1 year low of $23.02 and a 1 year high of $25.50.
Eagle Point Credit Dividend Announcement
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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