Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Grows By 328.2%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,689 shares, an increase of 328.2% from the May 14th total of 628 shares. Based on an average trading volume of 4,571 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the 4th quarter, according to the company in 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 accounts for approximately 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th biggest holding.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCO traded down $0.04 during mid-day trading on Thursday, reaching $24.00. 3,818 shares of the company traded hands, compared to its average volume of 2,770. The company’s fifty day moving average is $23.86 and its two-hundred day moving average is $23.59. Oxford Lane Capital has a fifty-two week low of $22.88 and a fifty-two week high of $24.98.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

Oxford Lane Capital Company Profile

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.