XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Down 37.0% in August

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 18,366 shares, a decline of 37.0% from the July 30th total of 29,168 shares. Based on an average trading volume of 65,144 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Sit Investment Associates Inc. lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 112.4% during the 4th quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock valued at $26,244,000 after buying an additional 2,893,917 shares during the last quarter. Eagle Point Credit Management LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at about $10,033,000. North Ground Capital purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth $7,116,000. Pathstone Holdings LLC bought a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter worth approximately $6,286,000. Finally, Rivernorth Capital Management LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth about $4,070,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of XAI Octagon Floating Rate & Alternative Income Trust stock traded up $0.05 during trading on Wednesday, hitting $18.96. The company’s stock had a trading volume of 13,241 shares, compared to its average volume of 108,133. The stock has a 50-day moving average price of $18.40 and a two-hundred day moving average price of $18.04. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $14.92 and a 52 week high of $28.50.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 14.2%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 531.03%.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.