Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 401 shares, a decrease of 66.8% from the August 15th total of 1,209 shares. Based on an average daily trading volume, of 4,449 shares, the short-interest ratio is currently 0.1 days.

Oxford Lane Capital Trading Up 0.1%

Shares of NASDAQ OXLCO traded up $0.03 during mid-day trading on Friday, reaching $23.79. The company had a trading volume of 7,160 shares, compared to its average volume of 2,850. The firm has a 50 day simple moving average of $24.00 and a two-hundred day simple moving average of $23.82. Oxford Lane Capital has a 52-week low of $23.07 and a 52-week high of $24.98.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.125 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, November 16th.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital comprises 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest position.

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.