Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) shot up 0.1% during trading on Tuesday . The company traded as high as $24.48 and last traded at $24.4650. 2,156 shares traded hands during trading, a decline of 66% from the average session volume of 6,346 shares. The stock had previously closed at $24.45.
Oxford Lane Capital Stock Performance
The business’s 50 day simple moving average is $24.44 and its 200 day simple moving average is $24.36.
Hedge Funds Weigh In On Oxford Lane Capital
An institutional investor recently bought a new position in Oxford Lane Capital stock. Resources Management Corp CT ADV bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,200 shares of the company’s stock, valued at approximately $320,000.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.
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