Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 100 shares, a drop of 97.6% from the December 31st total of 4,100 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 0.0 days.
Eagle Point Credit Stock Performance
ECCC stock traded down $0.05 during mid-day trading on Tuesday, hitting $23.02. 2,531 shares of the company were exchanged, compared to its average volume of 3,737. The firm’s 50 day simple moving average is $23.22 and its 200 day simple moving average is $23.09. Eagle Point Credit has a 1-year low of $21.62 and a 1-year high of $24.89.
Eagle Point Credit Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a $0.1354 dividend. The ex-dividend date is Monday, January 13th. This represents a dividend yield of 7.08%.
About Eagle Point Credit
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.
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