Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Drops By 26.9%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 2,040 shares, a decline of 26.9% from the February 26th total of 2,789 shares. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Oxford Lane Capital Corp. 6.75% Notes due 2031

An institutional investor recently bought a new position 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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Down 0.8%

Shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.19 on Friday, reaching $23.58. 4,681 shares of the company traded hands, compared to its average volume of 5,129. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $22.75 and a 52 week high of $24.66. The company has a 50 day moving average of $24.11 and a 200 day moving average of $24.03.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.4219 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.69 annualized dividend and a yield of 7.2%.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.