Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Down 50.3% in February

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 2,437 shares, a drop of 50.3% from the January 29th total of 4,902 shares. Based on an average daily volume of 3,333 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 3,333 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Up 0.9%

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock opened at $24.32 on Friday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $22.75 and a 12-month high of $24.66. The firm’s 50-day moving average is $24.16 and its two-hundred day moving average is $23.98.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.4219 dividend. This represents a $1.69 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

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.