Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 208 shares, a decline of 56.8% from the August 15th total of 481 shares. Based on an average daily volume of 1,749 shares, the days-to-cover ratio is currently 0.1 days.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance
Shares of OXLCL stock traded up $0.15 during mid-day trading on Monday, hitting $24.38. 6,513 shares of the stock traded hands, compared to its average volume of 3,644. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52-week low of $23.42 and a 52-week high of $24.99. The stock’s fifty day moving average is $24.41 and its two-hundred day moving average is $24.28.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%.
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.
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