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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 27,696 shares, an increase of 24.7% from the February 26th total of 22,209 shares. Based on an average daily volume of 23,482 shares, the days-to-cover ratio is currently 1.2 days.

Oxford Lane Capital Stock Performance

NASDAQ OXLCP traded up $0.12 on Tuesday, reaching $24.70. The company had a trading volume of 8,190 shares, compared to its average volume of 11,377. Oxford Lane Capital has a fifty-two week low of $23.75 and a fifty-two week high of $24.97. The business has a 50 day moving average of $24.66 and a two-hundred day moving average of $24.58.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.1302 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, May 15th.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 192,355 shares of the company’s stock, valued at approximately $4,732,000. Oxford Lane Capital comprises about 1.0% of Karpus Management Inc.’s portfolio, making the stock its 29th biggest holding.

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.