Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Expands By 281.5%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,900 shares, an increase of 281.5% from the July 15th total of 498 shares. Based on an average trading volume of 1,504 shares, the days-to-cover ratio is presently 1.3 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. bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,367 shares of the company’s stock, valued at approximately $924,000.

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

NASDAQ:OXLCL opened at $24.47 on Friday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $23.42 and a 12 month high of $24.99. The company has a 50 day simple moving average of $24.47 and a two-hundred day simple moving average of $24.25.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

(Get Free Report)

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.

See Also

Receive News & Ratings for Oxford Lane Capital Corp. 6.75% Notes due 2031 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital Corp. 6.75% Notes due 2031 and related companies with MarketBeat.com's FREE daily email newsletter.