Oxford Lane Capital Corp. (NASDAQ:OXLCI) Short Interest Up 965.1% in June

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 13,985 shares, a growth of 965.1% from the May 31st total of 1,313 shares. Based on an average trading volume of 8,336 shares, the days-to-cover ratio is currently 1.7 days.

Oxford Lane Capital Trading Down 0.1%

Shares of NASDAQ:OXLCI opened at $25.46 on Friday. Oxford Lane Capital has a 12-month low of $25.10 and a 12-month high of $26.25. The business’s fifty day simple moving average is $25.68 and its 200-day simple moving average is $25.63.

Oxford Lane Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.5469 dividend. This represents a $2.19 annualized dividend and a yield of 8.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.