Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 4,091 shares, an increase of 98.9% from the December 31st total of 2,057 shares. Based on an average trading volume of 1,873 shares, the short-interest ratio is currently 2.2 days. Based on an average trading volume of 1,873 shares, the short-interest ratio is currently 2.2 days.
Oxford Lane Capital Price Performance
Shares of NASDAQ OXLCO traded down $0.01 during trading hours on Friday, hitting $23.76. 2,056 shares of the stock were exchanged, compared to its average volume of 2,975. The company’s 50 day moving average is $23.48 and its 200 day moving average is $23.36. Oxford Lane Capital has a one year low of $22.28 and a one year high of $24.01.
Oxford Lane Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.
Institutional Inflows and Outflows
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.
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