XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Stock Short Interest Report for October

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 300,347 shares, an increase of 629.8% from the September 30th total of 41,153 shares. Based on an average daily trading volume, of 126,885 shares, the short-interest ratio is currently 2.4 days.

Insider Buying and Selling

In other news, VP John Spence bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The stock was acquired at an average cost of $17.07 per share, for a total transaction of $34,140.00. Following the completion of the purchase, the vice president owned 114,357 shares of the company’s stock, valued at $1,952,073.99. This trade represents a 1.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in XAI Octagon Floating Rate & Alternative Income Trust stock. CoreCap Advisors LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,916 shares of the company’s stock, valued at approximately $51,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.1%

Shares of NYSE XFLT traded down $0.01 during midday trading on Thursday, reaching $15.97. 7,234 shares of the company traded hands, compared to its average volume of 107,378. The stock’s 50-day simple moving average is $18.81 and its 200-day simple moving average is $18.67. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $14.92 and a 12 month high of $24.90.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.2250 per share. This represents a $2.70 annualized dividend and a dividend yield of 16.9%. The ex-dividend date of this dividend is Thursday, October 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is 502.30%.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol XFLT. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing in a portfolio of floating-rate and alternative credit instruments.

The trust primarily invests in collateralized loan obligation (CLO) securities, including CLO debt and equity tranches, as well as senior secured loans and other floating-rate debt securities.