Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Expands By 1,485.3%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 4,090 shares, an increase of 1,485.3% from the June 30th total of 258 shares. Based on an average daily volume of 2,507 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,267 shares of the company’s stock, valued at approximately $76,000.

Oxford Lane Capital Price Performance

NASDAQ:OXLCO traded up $0.22 on Friday, reaching $24.07. The stock had a trading volume of 202 shares, compared to its average volume of 2,690. Oxford Lane Capital has a 12-month low of $22.95 and a 12-month high of $24.98. The firm’s fifty day moving average is $24.00 and its two-hundred day moving average is $23.72.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, August 17th.

Oxford Lane Capital Company Profile

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.