Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,000 shares, a decline of 62.0% from the October 15th total of 7,900 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 0.7 days.
Eagle Point Credit Stock Performance
NYSE ECCC traded up $0.20 on Friday, hitting $23.70. 600 shares of the stock were exchanged, compared to its average volume of 6,094. The business’s fifty day moving average is $23.31 and its 200 day moving average is $22.75. Eagle Point Credit has a 52 week low of $20.71 and a 52 week high of $23.99.
Eagle Point Credit Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a $0.1354 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.63 annualized dividend and a dividend yield of 6.86%.
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.
See Also
- Five stocks we like better than Eagle Point Credit
- What Are Some of the Best Large-Cap Stocks to Buy?
- Top-Performing Non-Leveraged ETFs This Year
- What Is WallStreetBets and What Stocks Are They Targeting?
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
- ESG Stocks, What Investors Should Know
- Freshworks Stock Soars 50% – Is This the Perfect Entry Point?
Receive News & Ratings for Eagle Point Credit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Point Credit and related companies with MarketBeat.com's FREE daily email newsletter.
