Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Significant Growth in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,600 shares, a growth of 69.1% from the April 30th total of 2,720 shares. Based on an average daily trading volume, of 3,320 shares, the short-interest ratio is presently 1.4 days.

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

Shares of OXLCL traded up $0.17 during trading hours on Wednesday, hitting $24.75. 459 shares of the company were exchanged, compared to its average volume of 4,370. The firm’s 50 day moving average is $24.08 and its 200-day moving average is $24.11. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $23.18 and a 52 week high of $24.75.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a yield of 6.8%.

Hedge Funds Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

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.