Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Up 87.8% in May

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 5,446 shares, a growth of 87.8% from the May 14th total of 2,900 shares. Based on an average trading volume of 3,926 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for about 3.0% of Karpus Management Inc.’s holdings, making the stock its 11th biggest position.

Oxford Lane Capital Trading Up 0.0%

OXLCN stock traded up $0.00 on Tuesday, reaching $24.93. 430 shares of the company were exchanged, compared to its average volume of 3,288. Oxford Lane Capital has a 12 month low of $23.84 and a 12 month high of $25.10. The stock’s fifty day moving average price is $24.69 and its 200 day moving average price is $24.52.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.1484 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.