Traders are more bearish on Eagle Point Credit Company Inc of late if you look at the change in short interest. The firm experienced a rise in short interest between October 13, 2017 and October 31, 2017 of 25.30%. Short shares grew from 1,099 to 1,377 over that period. With short interest at 1,377 and short average daily volume at 2,894, the short-interest ratio is 0.0 and the percentage of shorted shares was 0.00% on October 31.
These firms have modified their investment in ECCA. As of quarter end KCM Investment Advisors LLC had sold 5,476 shares trimming its position 18.1%. The value in dollars went from $778,000 to $643,000 a change of 17.4% for the reporting period.
The company is now down by 0.19% since yesterday’s close of 26.05. The P/E ratio is currently N/A and the market cap of the company is 47.02M.
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