Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Down 83.8% in June

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 436 shares, a decline of 83.8% from the May 31st total of 2,689 shares. Based on an average daily volume of 2,606 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital comprises approximately 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th biggest holding.

Oxford Lane Capital Trading Down 1.0%

Shares of NASDAQ:OXLCO opened at $23.68 on Friday. Oxford Lane Capital has a 12 month low of $22.95 and a 12 month high of $24.98. The firm’s 50-day moving average is $23.96 and its 200 day moving average is $23.64.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, August 17th.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.