Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Up 307.1% in March

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 8,497 shares, an increase of 307.1% from the February 26th total of 2,087 shares. Based on an average daily trading volume, of 3,742 shares, the short-interest ratio is currently 2.3 days.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded down $0.07 during midday trading on Thursday, reaching $23.18. The stock had a trading volume of 2,315 shares, compared to its average volume of 2,913. The stock’s 50-day simple moving average is $23.46 and its 200 day simple moving average is $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 disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.125 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,267 shares of the company’s stock, valued at approximately $76,000.

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.