Oxford Lane Capital Corp. (NASDAQ:OXLCN) Sees Significant Growth in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,492 shares, an increase of 1,261.7% from the February 26th total of 183 shares. Based on an average daily volume of 4,197 shares, the days-to-cover ratio is presently 0.6 days.

Oxford Lane Capital Trading Down 1.5%

Shares of NASDAQ OXLCN traded down $0.38 during mid-day trading on Thursday, reaching $24.29. 253 shares of the company’s stock were exchanged, compared to its average volume of 3,781. The firm has a 50-day moving average price of $24.46 and a two-hundred day moving average price of $24.41. Oxford Lane Capital has a 52 week low of $23.40 and a 52 week high of $24.78.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $0.1484 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, May 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for about 3.0% of Karpus Management Inc.’s portfolio, making the stock its 11th largest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.