Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Down 40.8% in June

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 258 shares, a decrease of 40.8% from the June 15th total of 436 shares. Based on an average daily trading volume, of 2,390 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,267 shares of the company’s stock, valued at approximately $76,000.

Oxford Lane Capital Price Performance

NASDAQ:OXLCO traded up $0.11 during trading hours on Friday, reaching $24.25. 1,422 shares of the company traded hands, compared to its average volume of 2,718. The firm’s 50-day moving average is $24.01 and its 200-day moving average is $23.70. Oxford Lane Capital has a 1-year low of $22.95 and a 1-year high of $24.98.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Monday, August 17th.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.