Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Significant Growth in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,600 shares, an increase of 69.1% from the April 30th total of 2,720 shares. Based on an average trading volume of 3,320 shares, the short-interest ratio is currently 1.4 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Up 0.7%

OXLCL stock traded up $0.17 during mid-day trading on Wednesday, reaching $24.75. 459 shares of the stock traded hands, compared to its average volume of 4,370. The business has a 50-day moving average of $24.08 and a two-hundred day moving average of $24.11. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $23.18 and a 52 week high of $24.75.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.4219 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.69 annualized dividend and a yield of 6.8%.

Institutional Inflows and Outflows

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 shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 Company Profile

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.