Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,059 shares, a decline of 55.2% from the May 14th total of 4,600 shares. Based on an average daily volume of 3,971 shares, the days-to-cover ratio is currently 0.5 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 stake in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.6%

Shares of OXLCL stock traded down $0.14 during mid-day trading on Friday, hitting $24.51. The company’s stock had a trading volume of 1,445 shares, compared to its average volume of 4,400. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52-week low of $23.18 and a 52-week high of $24.99. The business has a 50-day moving average price of $24.24 and a 200 day moving average price of $24.15.

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

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

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

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.