Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 559 shares, a drop of 61.4% from the September 30th total of 1,447 shares. Based on an average trading volume of 3,092 shares, the short-interest ratio is presently 0.2 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Up 0.1%

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded up $0.02 during midday trading on Friday, reaching $23.67. 1,323 shares of the stock traded hands, compared to its average volume of 3,499. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a fifty-two week low of $23.42 and a fifty-two week high of $24.99. The firm has a fifty day moving average price of $24.01 and a two-hundred day moving average price of $24.19.

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

The firm 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 $0.4219 dividend. This represents a $1.69 annualized dividend and a yield of 7.1%. The ex-dividend date is Tuesday, December 15th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company focused primarily on investing in collateralized loan obligations (CLOs). Its portfolio generally includes equity and debt tranches of CLO vehicles, which are backed by pools of senior secured loans and other corporate credit instruments. Through these investments, the company seeks to generate current income and, to a lesser extent, capital appreciation.

Oxford Lane Capital Corp. was organized in 2010 and has operated as an investment company registered under the Investment Company Act of 1940.