Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 258 shares, a decrease of 40.8% from the June 15th total of 436 shares. Based on an average daily volume of 2,390 shares, the short-interest ratio is currently 0.1 days.
Oxford Lane Capital Stock Performance
Shares of OXLCO stock traded up $0.11 on Friday, reaching $24.25. 1,015 shares of the company’s stock traded hands, compared to its average volume of 2,715. Oxford Lane Capital has a 12-month low of $22.95 and a 12-month high of $24.98. The business’s 50 day moving average price is $24.01 and its two-hundred day moving average price is $23.70.
Oxford Lane Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 6.2%.
Hedge Funds Weigh In On Oxford Lane Capital
Oxford Lane Capital Company Profile
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.
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