XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Yogi Spence Acquires 2,000 Shares of Stock

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) VP John Spence acquired 2,000 shares of XAI Octagon Floating Rate & Alternative Income Trust stock in a transaction on Wednesday, October 21st. The stock was acquired at an average price of $17.07 per share, with a total value of $34,140.00. Following the purchase, the vice president directly owned 114,357 shares in the company, valued at approximately $1,952,073.99. This trade represents a 1.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of XFLT traded down $0.12 during mid-day trading on Thursday, hitting $16.91. The stock had a trading volume of 39,513 shares, compared to its average volume of 105,244. The business has a fifty day moving average price of $19.09 and a 200-day moving average price of $18.47. XAI Octagon Floating Rate & Alternative Income Trust has a 52 week low of $14.92 and a 52 week high of $25.10.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a dividend of $0.2250 per share. The ex-dividend date is Thursday, October 15th. This represents a $2.70 annualized dividend and a dividend yield of 16.0%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 502.30%.

Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

A hedge fund recently bought a new position in XAI Octagon Floating Rate & Alternative Income Trust stock. Sculptor Capital LP purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,686 shares of the company’s stock, valued at approximately $269,000.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol XFLT. The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing in a portfolio of floating-rate and alternative credit instruments.

The trust primarily invests in collateralized loan obligation (CLO) securities, including CLO debt and equity tranches, as well as senior secured loans and other floating-rate debt securities.