Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Down 83.8% in June

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 436 shares, a drop of 83.8% from the May 31st total of 2,689 shares. Based on an average daily volume of 2,606 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital makes up approximately 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th biggest position.

Oxford Lane Capital Stock Up 0.5%

Oxford Lane Capital stock traded up $0.12 on Friday, reaching $23.86. 2,966 shares of the stock were exchanged, compared to its average volume of 2,692. The firm has a fifty day moving average price of $23.96 and a two-hundred day moving average price of $23.64. Oxford Lane Capital has a twelve month low of $22.95 and a twelve month high of $24.98.

Oxford Lane Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.125 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th.

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.