Short Interest in Eca Marcellus Trust I (NYSE:ECT) Expands By 12.6%

Eca Marcellus Trust I (NYSE:ECT) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 17,000 shares, a growth of 12.6% from the September 30th total of 15,100 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 43,200 shares, the short-interest ratio is currently 0.4 days.

Several large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Eca Marcellus Trust I by 11.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 100,000 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 10,000 shares in the last quarter. BlackRock Inc. bought a new position in shares of Eca Marcellus Trust I during the 2nd quarter valued at about $146,000. Susquehanna International Group LLP lifted its holdings in shares of Eca Marcellus Trust I by 27.3% during the 2nd quarter. Susquehanna International Group LLP now owns 59,493 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 12,750 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Eca Marcellus Trust I by 84.0% during the 2nd quarter. Creative Planning now owns 24,144 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 11,019 shares in the last quarter. Institutional investors and hedge funds own 3.71% of the company’s stock.

Shares of NYSE:ECT traded up $0.04 during trading on Friday, hitting $0.74. 122,795 shares of the company’s stock traded hands, compared to its average volume of 45,253. Eca Marcellus Trust I has a 52 week low of $0.70 and a 52 week high of $2.15. The company has a market cap of $12.43 million, a price-to-earnings ratio of 2.84 and a beta of 1.75. The company has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a dividend yield of 11.35%. The ex-dividend date is Monday, November 18th.

About Eca Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the development wells.

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