Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Declines By 15.8%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,718 shares, a decline of 15.8% from the March 15th total of 2,040 shares. Based on an average daily trading volume, of 3,982 shares, the short-interest ratio is currently 0.4 days.

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. acquired a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

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

Shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.05 during trading hours on Friday, reaching $24.01. The company’s stock had a trading volume of 5,845 shares, compared to its average volume of 4,715. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a one year low of $22.85 and a one year high of $24.66. The firm has a 50 day moving average price of $23.98 and a 200-day moving average price of $24.02.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.4219 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.0%.

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.