Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,087 shares, an increase of 1,583.1% from the February 12th total of 124 shares. Based on an average trading volume of 2,963 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 2,963 shares, the short-interest ratio is currently 0.7 days.
Oxford Lane Capital Stock Performance
OXLCO opened at $23.34 on Wednesday. The business has a 50 day moving average price of $23.51 and a 200 day moving average price of $23.41. Oxford Lane Capital has a twelve month low of $22.28 and a twelve month high of $24.01.
Oxford Lane Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, May 15th.
Hedge Funds Weigh In On Oxford Lane Capital
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.
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