Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Decrease in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 481 shares, a decrease of 74.7% from the July 30th total of 1,900 shares. Based on an average daily trading volume, of 1,743 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.5%

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.12 during mid-day trading on Friday, hitting $24.39. The company had a trading volume of 1,037 shares, compared to its average volume of 3,730. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $23.42 and a 12 month high of $24.99. The stock’s 50 day moving average price is $24.42 and its two-hundred day moving average price is $24.26.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, December 15th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.