Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Stock Short Interest Climbs 64.9%

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,622 shares, a growth of 64.9% from the September 30th total of 1,590 shares. Based on an average daily volume of 5,774 shares, the short-interest ratio is presently 0.5 days.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Price Performance

Shares of OXLCZ opened at $25.06 on Wednesday. The company’s 50-day simple moving average is $24.98 and its 200-day simple moving average is $24.76. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a 1 year low of $24.21 and a 1 year high of $25.15.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.3125 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.25 dividend on an annualized basis and a yield of 5.0%.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Company Profile

Oxford Lane Capital Corp. 5.00% Notes due 2027 are debt securities issued by Oxford Lane Capital Corp., a publicly traded, non-diversified closed-end management investment company. The notes represent obligations of the issuer rather than a separate operating business and trade on the Nasdaq Stock Market under the symbol OXLCZ.

Oxford Lane Capital invests primarily in collateralized loan obligation (CLO) securities, with an emphasis on equity and junior debt tranches. CLOs are investment vehicles backed mainly by portfolios of senior secured corporate loans.