XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Down 37.0% in August

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 18,366 shares, a decrease of 37.0% from the July 30th total of 29,168 shares. Based on an average daily volume of 65,144 shares, the short-interest ratio is presently 0.3 days.

XAI Octagon Floating Rate & Alternative Income Trust Stock Down 0.4%

Shares of NYSE XFLT opened at $19.20 on Monday. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $14.92 and a 1 year high of $28.50. The stock has a fifty day moving average price of $18.33 and a two-hundred day moving average price of $18.06.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 14.1%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 531.03%.

Institutional Investors Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter valued at about $51,000. Bank of America Corp DE acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth approximately $40,000. Blue Bell Private Wealth Management LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at approximately $41,000. Finally, Accredited Investor Services LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter worth approximately $58,000.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) is a closed-end management investment company that seeks to provide current income by investing primarily in floating-rate senior secured debt and credit-related securities. The fund’s portfolio is constructed to offer exposure to corporate floating-rate loans, collateralized loan obligations (CLOs) and other structured credit instruments, with the goal of generating attractive risk-adjusted yields across changing interest-rate environments.

Advised by XAI Asset Management, LLC and sub-advised by Octagon Credit Investors, the trust combines the credit selection capabilities of both firms to identify opportunities in North American corporate credit markets.