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

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 436 shares, a drop of 83.8% from the May 31st total of 2,689 shares. Based on an average daily trading volume, of 2,606 shares, the short-interest ratio is currently 0.2 days.

Oxford Lane Capital Stock Up 0.5%

Shares of OXLCO traded up $0.12 during trading hours on Friday, reaching $23.86. The stock had a trading volume of 2,966 shares, compared to its average volume of 2,692. Oxford Lane Capital has a 12 month low of $22.95 and a 12 month high of $24.98. The company’s 50-day moving average is $23.96 and its two-hundred day moving average is $23.64.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, August 17th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCOFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for approximately 2.5% of Karpus Management Inc.’s portfolio, making the stock its 14th biggest position.

About Oxford Lane Capital

(Get Free Report)

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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