Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Up 153.9% in May

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,900 shares, a growth of 153.9% from the April 30th total of 1,142 shares. Based on an average trading volume of 2,388 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Stock Performance

NASDAQ OXLCN traded up $0.12 during trading hours on Monday, reaching $25.01. The company’s stock had a trading volume of 1,922 shares, compared to its average volume of 3,244. The business has a 50-day simple moving average of $24.55 and a 200 day simple moving average of $24.48. Oxford Lane Capital has a 52 week low of $23.84 and a 52 week high of $25.10.

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.1484 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

Oxford Lane Capital Company Profile

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.