Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Up 34.2% in April

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,993 shares, a growth of 34.2% from the March 31st total of 1,485 shares. Based on an average trading volume of 1,519 shares, the days-to-cover ratio is currently 1.3 days.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCO traded up $0.28 during mid-day trading on Thursday, reaching $23.92. The company had a trading volume of 996 shares, compared to its average volume of 2,528. The company has a 50-day moving average price of $23.46 and a two-hundred day moving average price of $23.46. Oxford Lane Capital has a 1-year low of $22.58 and a 1-year high of $24.01.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,267 shares of the company’s stock, valued at approximately $76,000.

About Oxford Lane Capital

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.