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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 481 shares, a decrease of 74.7% from the July 30th total of 1,900 shares. Based on an average daily volume of 1,743 shares, the days-to-cover ratio is presently 0.3 days.

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

Shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 stock remained flat at $24.45 during mid-day trading on Thursday. 1,529 shares of the company’s stock traded hands, compared to its average volume of 3,747. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1 year low of $23.42 and a 1 year high of $24.99. The firm’s 50 day moving average is $24.43 and its 200-day moving average is $24.26.

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

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 given a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, December 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.