Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get 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
About Oxford Lane Capital
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.
Recommended Stories
- Five stocks we like better than Oxford Lane Capital
- 3 Stocks That Could Benefit as the Robotaxi Race Heats Up
- 3 Waste Stocks Turning AI Investments into Growth
- 3 Overlooked Tech ETFs That Are Quietly Killing It This Year
- 3 ETFs Pairing Market-Beating Returns With High Dividend Yields
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.
