Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Update

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 498 shares, a decline of 59.9% from the June 30th total of 1,243 shares. Based on an average daily trading volume, of 2,374 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

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

Shares of NASDAQ OXLCL traded up $0.04 during midday trading on Tuesday, hitting $24.61. 1,087 shares of the stock traded hands, compared to its average volume of 4,019. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a one year low of $23.28 and a one year high of $24.99. The firm has a 50-day moving average of $24.47 and a two-hundred day moving average of $24.22.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.4219 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%.

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.