Oxford Lane Capital Corp. (NASDAQ:OXLCP) Sees Large Increase in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCP) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 22,209 shares, a growth of 45.8% from the February 12th total of 15,235 shares. Based on an average trading volume of 16,186 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 16,186 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Resources Management Corp CT ADV purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,200 shares of the company’s stock, valued at approximately $320,000.

Oxford Lane Capital Trading Up 0.1%

Shares of Oxford Lane Capital stock opened at $24.87 on Friday. The firm has a fifty day moving average of $24.66 and a two-hundred day moving average of $24.56. Oxford Lane Capital has a 52 week low of $23.75 and a 52 week high of $24.97.

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.1302 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 6.3%.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.