Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 5,486 shares, a growth of 141.6% from the January 15th total of 2,271 shares. Based on an average trading volume of 3,187 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 3,187 shares, the short-interest ratio is currently 1.7 days.

Oxford Lane Capital Trading Down 0.3%

Shares of OXLCN opened at $24.69 on Friday. The firm has a 50-day moving average price of $24.50 and a 200 day moving average price of $24.39. Oxford Lane Capital has a 52-week low of $23.40 and a 52-week high of $24.78.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.1484 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, May 15th.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital makes up 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest position.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.