Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Down 74.7% in August

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 481 shares, a drop of 74.7% from the July 30th total of 1,900 shares. Based on an average daily volume of 1,743 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

An institutional investor recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock remained flat at $24.45 during trading hours on Thursday. The company’s stock had a trading volume of 1,529 shares, compared to its average volume of 3,747. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1-year low of $23.42 and a 1-year high of $24.99. The stock has a 50-day simple moving average of $24.43 and a 200-day simple moving average of $24.26.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, December 15th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.