XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Up 76.1% in June

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 25,104 shares, an increase of 76.1% from the May 31st total of 14,256 shares. Based on an average daily trading volume, of 75,221 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

Several large investors have recently added to or reduced their stakes in XFLT. Sit Investment Associates Inc. lifted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 112.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,467,565 shares of the company’s stock valued at $26,244,000 after buying an additional 2,893,917 shares during the period. Eagle Point Credit Management LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at $10,033,000. North Ground Capital acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter valued at $7,116,000. Pathstone Holdings LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter valued at $6,286,000. Finally, Matisse Capital boosted its stake in XAI Octagon Floating Rate & Alternative Income Trust by 250.4% during the fourth quarter. Matisse Capital now owns 920,000 shares of the company’s stock worth $4,416,000 after acquiring an additional 657,473 shares in the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

XFLT stock opened at $17.84 on Friday. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $14.92 and a 12-month high of $28.60. The company’s fifty day simple moving average is $18.27 and its 200 day simple moving average is $19.34.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 15.1%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is 559.77%.

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.