Oxford Lane Capital Corp. (NASDAQ:OXLCI) Sees Significant Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCI) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 473 shares, a drop of 42.7% from the April 30th total of 826 shares. Based on an average daily volume of 2,451 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock traded up $0.10 during trading hours on Tuesday, reaching $25.84. 7,179 shares of the company’s stock were exchanged, compared to its average volume of 6,884. Oxford Lane Capital has a 1 year low of $25.10 and a 1 year high of $26.25. The business has a fifty day moving average of $25.55 and a two-hundred day moving average of $25.65.

Oxford Lane Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.5469 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.19 dividend on an annualized basis and a yield of 8.5%.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.