Matisse Capital Invests $1.39 Million in XAI Octagon Floating Rate & Alternative Income Trust $XFLT

Matisse Capital purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 262,527 shares of the company’s stock, valued at approximately $1,391,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 1,689.2% in the second quarter. Allworth Financial LP now owns 5,296 shares of the company’s stock valued at $30,000 after acquiring an additional 5,000 shares during the period. Bank of America Corp DE bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 2nd quarter valued at about $34,000. Halbert Hargrove Global Advisors LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter worth about $53,000. Captrust Financial Advisors purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter worth about $70,000. Finally, Castleview Partners LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the third quarter worth about $96,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE:XFLT opened at $4.63 on Tuesday. The business has a 50 day simple moving average of $4.65 and a two-hundred day simple moving average of $5.11. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $4.41 and a 1 year high of $6.64.

XAI Octagon Floating Rate & Alternative Income Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 15.6%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is presently 97.70%.

Insider Buying and Selling

In other XAI Octagon Floating Rate & Alternative Income Trust news, insider Lauren Kristen Law acquired 20,000 shares of the business’s stock in a transaction on Friday, October 24th. The shares were bought at an average price of $5.01 per share, with a total value of $100,200.00. Following the transaction, the insider directly owned 20,000 shares of the company’s stock, valued at $100,200. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.