Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 474 shares, a drop of 76.2% from the April 15th total of 1,993 shares. Based on an average daily trading volume, of 966 shares, the days-to-cover ratio is currently 0.5 days.

Oxford Lane Capital Trading Down 0.7%

OXLCO traded down $0.17 during trading on Thursday, reaching $23.98. 7,654 shares of the company traded hands, compared to its average volume of 2,563. Oxford Lane Capital has a 12-month low of $22.58 and a 12-month high of $24.98. The firm has a fifty day simple moving average of $23.60 and a 200 day simple moving average of $23.50.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,267 shares of the company’s stock, valued at approximately $76,000.

About Oxford Lane Capital

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.