Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Down 66.8% in August

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 401 shares, a decline of 66.8% from the August 15th total of 1,209 shares. Based on an average daily trading volume, of 4,449 shares, the days-to-cover ratio is currently 0.1 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCO traded up $0.03 during midday trading on Friday, reaching $23.79. 7,160 shares of the stock were exchanged, compared to its average volume of 2,850. Oxford Lane Capital has a twelve month low of $23.07 and a twelve month high of $24.98. The firm has a 50-day simple moving average of $24.00 and a two-hundred day simple moving average of $23.82.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.125 dividend. The ex-dividend date is Monday, November 16th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCOFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital makes up about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest position.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.

Further Reading

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