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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 498 shares, a decline of 59.9% from the June 30th total of 1,243 shares. Based on an average daily volume of 2,374 shares, the days-to-cover ratio is currently 0.2 days.

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

OXLCL stock opened at $24.38 on Monday. The firm has a 50 day simple moving average of $24.46 and a two-hundred day simple moving average of $24.22. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a one year low of $23.28 and a one year high of $24.99.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.4219 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.69 annualized dividend and a yield of 6.9%.

Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. bought 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 Form 13F filing with the SEC. The fund bought 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.