Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ – Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,127 shares, an increase of 403.9% from the November 30th total of 819 shares. Based on an average daily trading volume, of 3,045 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 3,045 shares, the days-to-cover ratio is currently 1.4 days.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Trading Up 0.1%
Shares of Oxford Lane Capital Corp. 5.00% Notes due 2027 stock traded up $0.04 during trading hours on Friday, reaching $24.36. The stock had a trading volume of 6,194 shares, compared to its average volume of 6,452. The stock’s 50 day moving average is $24.35 and its 200 day moving average is $24.22. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a twelve month low of $23.44 and a twelve month high of $24.54.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.25 dividend on an annualized basis and a yield of 5.1%.
About Oxford Lane Capital Corp. 5.00% Notes due 2027
The Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ: OXLCZ) are senior unsecured debt securities issued by Oxford Lane Capital Corp., a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. These fixed-rate notes carry a 5.00% annual coupon, payable semi-annually, and mature in 2027. They trade on the Nasdaq Capital Market under the ticker symbol OXLCZ, providing investors with an opportunity to gain exposure to the yield generated by Oxford Lane Capital’s diversified investment portfolio.
Oxford Lane Capital Corp.
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