Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Down 55.2% in May

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 2,059 shares, a decrease of 55.2% from the May 14th total of 4,600 shares. Based on an average daily trading volume, of 3,971 shares, the short-interest ratio is currently 0.5 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

OXLCL stock traded down $0.14 during trading on Friday, reaching $24.51. The company had a trading volume of 1,445 shares, compared to its average volume of 4,400. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $23.18 and a 52 week high of $24.99. The business has a 50 day moving average of $24.24 and a 200 day moving average of $24.15.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.4219 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.9%.

Hedge Funds Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

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.