Short traders are feeling a little more bullish on Eagle Point Credit Co. Inc. of late as shown by the fall in short interest. The company realized a fall in short interest from October 13, 2017 to October 31, 2017 of -65.21%. Short interest fell 4,779 over that period. Days to cover decreased from 1.0 to 1.0 and the percentage of shorted shares was inf% on October 31.
These funds have shifted positions in (ECCZ). As of quarter end IAT Reinsurance CO Ltd. had disposed of 45,000 shares trimming its stake by 81.8%. The value of the total investment in Eagle Point Credit Co. Inc. decreased from $1,411,000 to $253,000 a change of $1,158,000 for the reporting period.
In the market the company is trading unchanged from yesterday’s close of .
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. senior secured loans. Eagle Point Credit Company Inc. was formed on March 24, 2014 and is domiciled in the United States..Advertisement