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

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a large increase in short interest in 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 trading volume, of 2,971 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

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

Eagle Point Credit Stock Performance

NYSE ECCC opened at $24.90 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 price of $24.72 and a two-hundred day moving average price of $24.56.

Eagle Point Credit Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.1354 per share. This represents a c) dividend on an annualized basis and a dividend 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.