Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Decreases By 50.3%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 2,437 shares, a drop of 50.3% from the January 29th total of 4,902 shares. Based on an average daily trading volume, of 3,333 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 3,333 shares, the short-interest ratio is currently 0.7 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.1%

OXLCL stock traded down $0.03 during midday trading on Friday, reaching $24.30. 3,032 shares of the company’s stock traded hands, compared to its average volume of 4,819. The company has a 50-day moving average price of $24.17 and a two-hundred day moving average price of $23.99. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $22.75 and a 52 week high of $24.66.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.4219 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%.

Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

An institutional investor recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.