Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $23.74 and traded as low as $23.52. Oxford Lane Capital shares last traded at $23.52, with a volume of 1,187 shares traded.
Oxford Lane Capital Trading Down 1.0%
The stock’s fifty day simple moving average is $23.68 and its two-hundred day simple moving average is $23.74.
About Oxford Lane Capital
Oxford Lane Capital Corp. (NASDAQ: OXLCO) is a non-diversified, closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are investment vehicles that generally hold portfolios of senior secured corporate loans, and Oxford Lane seeks to generate income and capital appreciation through exposure to various CLO debt and equity tranches.
The company’s portfolio may include junior debt and equity interests in CLOs, which can provide higher income potential but also carry greater credit and market risk than senior CLO securities.
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