Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Declines By 56.8%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 208 shares, a decline of 56.8% from the August 15th total of 481 shares. Based on an average daily volume of 1,749 shares, the short-interest ratio is currently 0.1 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of NASDAQ:OXLCL traded down $0.23 on Tuesday, reaching $24.15. The company’s stock had a trading volume of 4,059 shares, compared to its average volume of 3,647. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52-week low of $23.42 and a 52-week high of $24.99. The stock’s 50-day moving average is $24.41 and its two-hundred day moving average is $24.28.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a $0.4219 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.0%.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

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.