Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 1,192 shares, a decrease of 52.5% from the December 31st total of 2,507 shares. Based on an average daily trading volume, of 4,127 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 4,127 shares, the short-interest ratio is currently 0.3 days.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance
OXLCL traded up $0.05 during trading on Friday, reaching $24.32. The stock had a trading volume of 11,308 shares, compared to its average volume of 5,185. The stock’s 50 day moving average is $24.15 and its two-hundred day moving average is $23.91. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a one year low of $22.75 and a one year high of $24.66.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be given a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, March 13th.
About Oxford Lane Capital Corp. 6.75% Notes due 2031
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.
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