Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Down 74.7% in August

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

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

NASDAQ:OXLCL traded down $0.12 on Friday, reaching $24.39. The stock had a trading volume of 1,037 shares, compared to its average volume of 3,730. The company has a 50-day moving average of $24.43 and a 200 day moving average of $24.26. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $23.42 and a 12-month high of $24.99.

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 paid a $0.4219 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.69 annualized dividend and a dividend yield of 6.9%.

Hedge Funds Weigh In On 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. bought a new stake in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLFree Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

(Get Free Report)

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.

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