Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,312 shares, a decline of 65.2% from the August 31st total of 3,771 shares. Based on an average trading volume of 7,420 shares, the days-to-cover ratio is currently 0.2 days.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance
Shares of OXLCZ stock traded up $0.02 on Friday, hitting $24.93. 1,491 shares of the stock traded hands, compared to its average volume of 5,859. The company’s fifty day moving average is $24.95 and its 200 day moving average is $24.77. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a 1-year low of $24.13 and a 1-year high of $25.15.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Announces Dividend
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. This represents a $1.25 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, December 15th.
About Oxford Lane Capital Corp. 5.00% Notes due 2027
Oxford Lane Capital Corp. is a publicly traded closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured credit vehicles that generally hold portfolios of leveraged loans and issue securities with different levels of risk and priority.
The company invests mainly in the equity and junior debt tranches of CLOs, with the objective of generating current income and, to a lesser extent, capital appreciation. Its investment portfolio provides exposure to corporate credit markets across a range of industries and borrowers, primarily through CLO securities rather than direct ownership of operating companies.
Oxford Lane Capital Corp.
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