XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Up 76.1% in June

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 25,104 shares, a growth of 76.1% from the May 31st total of 14,256 shares. Based on an average daily volume of 75,221 shares, the short-interest ratio is presently 0.3 days.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of XFLT opened at $17.62 on Thursday. The firm’s 50-day moving average is $18.28 and its two-hundred day moving average is $19.38. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $14.92 and a twelve month high of $28.60.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.225 dividend. This represents a c) dividend on an annualized basis and a yield of 15.3%. The ex-dividend date of this dividend is Wednesday, July 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is presently 559.77%.

Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the second quarter valued at approximately $34,000. Global Retirement Partners LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at approximately $40,000. Blue Bell Private Wealth Management LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at $41,000. Amplius Wealth Advisors LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at $54,000. Finally, Highland Financial Advisors LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth $56,000.

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.