Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get Free Report) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,696 shares, a decrease of 38.1% from the February 26th total of 2,742 shares. Based on an average trading volume of 6,216 shares, the short-interest ratio is presently 0.3 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 150,975 shares of the company’s stock, valued at approximately $3,871,000.
Oxford Lane Capital Price Performance
OXLCI stock traded up $0.09 during midday trading on Friday, hitting $25.34. 1,994 shares of the company’s stock were exchanged, compared to its average volume of 8,529. Oxford Lane Capital has a 1-year low of $24.93 and a 1-year high of $26.25. The business has a 50-day simple moving average of $25.66 and a two-hundred day simple moving average of $25.70.
Oxford Lane Capital Dividend Announcement
Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.
Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.
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