Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Significant Growth in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 4,090 shares, a growth of 1,485.3% from the June 30th total of 258 shares. Based on an average daily volume of 2,507 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCOFree Report) 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 0.9%

Shares of OXLCO traded up $0.22 during trading hours on Friday, reaching $24.07. 202 shares of the company traded hands, compared to its average volume of 2,690. The stock’s fifty day moving average is $24.00 and its 200 day moving average is $23.72. Oxford Lane Capital has a 1-year low of $22.95 and a 1-year high of $24.98.

Oxford Lane Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 6.2%.

Oxford Lane Capital Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.