XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Update

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,256 shares, a decrease of 76.9% from the May 14th total of 61,721 shares. Based on an average trading volume of 70,246 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XFLT. Bank of America Corp DE purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $40,000. Blue Bell Private Wealth Management LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $41,000. Amplius Wealth Advisors LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $54,000. Finally, Highland Financial Advisors LLC purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $56,000.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.2%

Shares of XFLT traded up $0.03 during mid-day trading on Thursday, reaching $17.94. The company’s stock had a trading volume of 87,124 shares, compared to its average volume of 119,235. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $14.92 and a 12-month high of $28.75. The company’s 50 day moving average is $18.27 and its 200 day moving average is $19.93.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.225 per share. This represents a c) dividend on an annualized basis and a yield of 15.0%. The ex-dividend date is Monday, June 15th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 600.00%.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.