Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Up 14.4% in February

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,789 shares, a growth of 14.4% from the February 12th total of 2,437 shares. Based on an average trading volume of 5,233 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 5,233 shares, the short-interest ratio is presently 0.5 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Down 0.9%

NASDAQ:OXLCL traded down $0.21 during midday trading on Tuesday, hitting $23.82. The company had a trading volume of 3,962 shares, compared to its average volume of 5,357. 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 stock’s fifty day moving average price is $24.18 and its 200-day moving average price is $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. Stockholders of record on Monday, June 15th will be issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

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.