Short Interest in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Declines By 50.9%

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 41,700 shares, a decrease of 50.9% from the January 31st total of 85,000 shares. Based on an average daily volume of 735,600 shares, the days-to-cover ratio is presently 0.1 days.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XFLT traded up $0.05 during midday trading on Friday, reaching $6.39. The company’s stock had a trading volume of 531,939 shares, compared to its average volume of 634,896. XAI Octagon Floating Rate & Alternative Income Trust has a twelve month low of $6.29 and a twelve month high of $7.30. The company has a fifty day simple moving average of $6.55 and a 200 day simple moving average of $6.75.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.077 per share. This represents a $0.92 dividend on an annualized basis and a yield of 14.47%. The ex-dividend date of this dividend is Tuesday, February 18th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 113.79%.

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

Several large investors have recently bought and sold shares of XFLT. Triumph Capital Management increased its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 2.4% during the 4th quarter. Triumph Capital Management now owns 82,862 shares of the company’s stock worth $550,000 after purchasing an additional 1,907 shares during the period. Private Advisor Group LLC increased its stake in XAI Octagon Floating Rate & Alternative Income Trust by 3.0% during the third quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock valued at $576,000 after acquiring an additional 2,493 shares during the period. Beacon Financial Advisory LLC lifted its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 20.9% in the 4th quarter. Beacon Financial Advisory LLC now owns 16,036 shares of the company’s stock worth $106,000 after acquiring an additional 2,776 shares during the period. CFO4Life Group LLC raised its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.4% in the 4th quarter. CFO4Life Group LLC now owns 38,800 shares of the company’s stock valued at $258,000 after buying an additional 3,000 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 3.2% in the 4th quarter. Mariner LLC now owns 158,964 shares of the company’s stock worth $1,056,000 after buying an additional 4,979 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.