Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Update

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,059 shares, a decline of 55.2% from the May 14th total of 4,600 shares. Based on an average daily trading volume, of 3,971 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Oxford Lane Capital Corp. 6.75% Notes due 2031

An institutional investor recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.5%

OXLCL traded down $0.12 during trading on Monday, hitting $24.49. 2,759 shares of the stock traded hands, compared to its average volume of 4,384. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $23.18 and a 12-month high of $24.99. The firm has a 50-day moving average of $24.24 and a 200 day moving average of $24.15.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

(Get Free Report)

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.

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