Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Down 70.6% in June

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 1,225 shares, a decline of 70.6% from the June 15th total of 4,173 shares. Based on an average trading volume of 1,856 shares, the short-interest ratio is presently 0.7 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCN traded down $0.38 during trading on Tuesday, reaching $24.47. 1,521 shares of the company traded hands, compared to its average volume of 3,145. The company’s 50 day moving average is $24.81 and its two-hundred day moving average is $24.57. Oxford Lane Capital has a 52 week low of $23.93 and a 52 week high of $25.10.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.1484 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Investors 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:OXLCN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for about 3.0% of Karpus Management Inc.’s holdings, making the stock its 11th biggest holding.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.