Oxford Lane Capital Corp. (NASDAQ:OXLCN) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCN) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,225 shares, a decrease of 70.6% from the June 15th total of 4,173 shares. Based on an average trading volume of 1,856 shares, the short-interest ratio is presently 0.7 days.

Oxford Lane Capital Price Performance

OXLCN stock traded up $0.14 during midday trading on Monday, hitting $24.85. 1,314 shares of the company’s stock were exchanged, compared to its average volume of 3,158. Oxford Lane Capital has a 1-year low of $23.93 and a 1-year high of $25.10. The business has a 50-day simple moving average of $24.80 and a two-hundred day simple moving average of $24.57.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.1484 per share. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for about 3.0% of Karpus Management Inc.’s holdings, making the stock its 11th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.