Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Drops By 26.9%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,040 shares, a drop of 26.9% from the February 26th total of 2,789 shares. Based on an average daily trading volume, of 7,300 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.19 during mid-day trading on Friday, hitting $23.58. 4,681 shares of the stock were exchanged, compared to its average volume of 5,129. 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. The company has a 50-day simple moving average of $24.11 and a 200 day simple moving average of $24.03.

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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, June 15th.

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.