Eagle Point Credit Company Inc. (NYSE:ECCC) Short Interest Down 97.6% in December

Eagle Point Credit Company Inc. (NYSE:ECCC) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 100 shares, a decline of 97.6% from the December 15th total of 4,100 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 0.0 days.

Eagle Point Credit Price Performance

Shares of NYSE ECCC traded up $0.08 during midday trading on Wednesday, hitting $22.87. 3,660 shares of the stock traded hands, compared to its average volume of 3,151. The firm has a 50-day moving average of $23.34 and a two-hundred day moving average of $23.05. Eagle Point Credit has a one year low of $21.62 and a one year high of $24.89.

Eagle Point Credit Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be paid a $0.1354 dividend. This represents a dividend yield of 7.08%. The ex-dividend date of this dividend is Monday, January 13th.

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.