Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Significant Growth in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 2,789 shares, an increase of 14.4% from the February 12th total of 2,437 shares. Based on an average daily trading volume, of 5,233 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 5,233 shares, the days-to-cover ratio is currently 0.5 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Up 0.5%

Shares of OXLCL stock traded up $0.11 during trading hours on Wednesday, reaching $23.93. 806 shares of the company traded hands, compared to its average volume of 5,267. The firm has a 50-day moving average price of $24.17 and a 200 day moving average price of $24.03. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $22.75 and a 12-month high of $24.66.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 annualized dividend and a yield of 7.1%.

Institutional Trading of 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) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

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.