Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Large Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,209 shares, a drop of 48.9% from the July 30th total of 2,366 shares. Based on an average daily trading volume, of 734 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th biggest holding.

Oxford Lane Capital Stock Up 0.3%

OXLCO stock traded up $0.06 during midday trading on Monday, reaching $23.98. 5,569 shares of the company’s stock traded hands, compared to its average volume of 2,718. Oxford Lane Capital has a 52-week low of $23.07 and a 52-week high of $24.98. The stock’s 50-day moving average is $23.98 and its 200 day moving average is $23.79.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.125 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, November 16th.

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.