Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) Sees Significant Drop in Short Interest

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 1,312 shares, a drop of 65.2% from the August 31st total of 3,771 shares. Based on an average trading volume of 7,420 shares, the short-interest ratio is presently 0.2 days.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Price Performance

Shares of OXLCZ traded up $0.02 during midday trading on Friday, hitting $24.93. The company had a trading volume of 1,491 shares, compared to its average volume of 5,859. The company’s 50 day moving average price is $24.95 and its 200 day moving average price is $24.77. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a 52 week low of $24.13 and a 52 week high of $25.15.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement

The company 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 $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, December 15th.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Company Profile

Oxford Lane Capital Corp. is a publicly traded closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured credit vehicles that generally hold portfolios of leveraged loans and issue securities with different levels of risk and priority.

The company invests mainly in the equity and junior debt tranches of CLOs, with the objective of generating current income and, to a lesser extent, capital appreciation. Its investment portfolio provides exposure to corporate credit markets across a range of industries and borrowers, primarily through CLO securities rather than direct ownership of operating companies.

Oxford Lane Capital Corp.