Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 1,209 shares, a decrease of 48.9% from the July 30th total of 2,366 shares. Based on an average daily volume of 734 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCOFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital comprises about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest position.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock traded down $0.07 during mid-day trading on Friday, hitting $23.92. 2,538 shares of the stock were exchanged, compared to its average volume of 2,700. Oxford Lane Capital has a 12 month low of $23.07 and a 12 month high of $24.98. The company has a 50-day simple moving average of $23.98 and a 200 day simple moving average of $23.79.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, November 16th.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.

Further Reading

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