Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Down 92.0% in February

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 124 shares, a drop of 92.0% from the January 29th total of 1,541 shares. Based on an average daily volume of 1,656 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,656 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest position.

Oxford Lane Capital Stock Performance

OXLCO traded down $0.09 during trading on Friday, hitting $23.35. The stock had a trading volume of 3,799 shares, compared to its average volume of 2,686. Oxford Lane Capital has a twelve month low of $22.28 and a twelve month high of $24.01. The company’s 50-day moving average price is $23.53 and its 200 day moving average price is $23.40.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, May 15th.

About Oxford Lane Capital

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.