XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Down 37.7% in July

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 75,800 shares, adeclineof37.7% from the July 15th total of 121,700 shares. Based on an average trading volume of 455,100 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 455,100 shares, the days-to-cover ratio is presently 0.2 days.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.5%

NYSE XFLT opened at $5.5050 on Thursday. The company has a 50 day moving average price of $5.57 and a two-hundred day moving average price of $5.80. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $4.76 and a 12-month high of $7.16.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a $0.07 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 15.3%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 105.75%.

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of XFLT. Envestnet Asset Management Inc. acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the first quarter worth $4,243,000. Cresset Asset Management LLC acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth $2,102,000. J.W. Cole Advisors Inc. lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 142.3% in the first quarter. J.W. Cole Advisors Inc. now owns 497,462 shares of the company’s stock worth $2,940,000 after buying an additional 292,136 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 1,534.9% in the second quarter. Guggenheim Capital LLC now owns 252,119 shares of the company’s stock worth $1,424,000 after buying an additional 236,698 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 21.4% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,258,025 shares of the company’s stock worth $7,435,000 after buying an additional 221,874 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.