Eagle Point Credit Company Inc. (NYSE:ECCC – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $24.60 and traded as high as $24.98. Eagle Point Credit shares last traded at $24.93, with a volume of 14,040 shares trading hands.
Eagle Point Credit Trading Up 4.2%
The firm’s 50-day moving average price is $24.49 and its 200-day moving average price is $24.60.
About Eagle Point Credit
Eagle Point Credit Company, Inc. is a closed-end investment company focused on the collateralized loan obligation (CLO) market. Its shares trade on the New York Stock Exchange under several symbols, including ECCC, which represents a series of the company’s preferred shares. The company invests primarily in CLO equity and debt securities. These CLOs are backed mainly by portfolios of corporate loans, generally made to below-investment-grade businesses. Eagle Point’s investment strategy is designed to generate income and total returns through its exposure to these securities.
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