Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Down 95.5% in February

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 183 shares, a drop of 95.5% from the February 12th total of 4,037 shares. Based on an average daily volume of 5,006 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 5,006 shares, the days-to-cover ratio is currently 0.0 days.

Oxford Lane Capital Trading Down 0.6%

OXLCN traded down $0.15 during midday trading on Wednesday, hitting $24.16. The company had a trading volume of 1,842 shares, compared to its average volume of 4,174. Oxford Lane Capital has a 52 week low of $23.40 and a 52 week high of $24.78. The stock’s 50 day moving average price is $24.51 and its 200 day moving average price is $24.41.

Oxford Lane Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.1484 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for about 3.0% of Karpus Management Inc.’s portfolio, making the stock its 11th largest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.