Oxford Lane Capital Corp. (NASDAQ:OXLCI) Short Interest Up 177.6% in May

Oxford Lane Capital Corp. (NASDAQ:OXLCI) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,313 shares, a growth of 177.6% from the May 14th total of 473 shares. Based on an average daily trading volume, of 6,088 shares, the short-interest ratio is currently 0.2 days.

Oxford Lane Capital Stock Down 0.2%

NASDAQ OXLCI traded down $0.06 during trading on Friday, reaching $25.86. 4,440 shares of the company’s stock were exchanged, compared to its average volume of 6,894. The company has a 50 day moving average price of $25.65 and a two-hundred day moving average price of $25.66. Oxford Lane Capital has a 1 year low of $25.10 and a 1 year high of $26.25.

Oxford Lane Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.