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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 150 shares, a drop of 48.3% from the January 15th total of 290 shares. Based on an average daily volume of 7,016 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 7,016 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Resources Management Corp CT ADV acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,200 shares of the company’s stock, valued at approximately $320,000.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLCP opened at $24.61 on Friday. The business’s 50 day simple moving average is $24.65 and its 200-day simple moving average is $24.53. Oxford Lane Capital has a 12 month low of $23.75 and a 12 month high of $24.97.

Oxford Lane Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $0.1302 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, May 15th.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed?end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating?rate assets that can adjust with interest?rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.