Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLC) Drops By 35.2%

Oxford Lane Capital Corp. (NASDAQ:OXLC) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,336,133 shares, a decline of 35.2% from the February 12th total of 3,606,598 shares. Based on an average daily volume of 2,500,608 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.6% of the shares of the company are sold short. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 2,500,608 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Oxford Lane Capital

Several institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in Oxford Lane Capital by 377.2% during the fourth quarter. Sunbelt Securities Inc. now owns 3,827 shares of the investment management company’s stock valued at $56,000 after purchasing an additional 3,025 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Oxford Lane Capital in the 4th quarter worth approximately $245,000. XTX Topco Ltd bought a new position in shares of Oxford Lane Capital during the 4th quarter worth approximately $497,000. VARCOV Co. bought a new position in shares of Oxford Lane Capital during the 4th quarter worth approximately $423,000. Finally, Virtus Investment Advisers LLC boosted its stake in Oxford Lane Capital by 16.0% in the 4th quarter. Virtus Investment Advisers LLC now owns 149,891 shares of the investment management company’s stock valued at $2,194,000 after buying an additional 20,682 shares in the last quarter. Institutional investors and hedge funds own 6.74% of the company’s stock.

Oxford Lane Capital Stock Performance

Shares of OXLC traded down $0.35 during trading hours on Friday, reaching $8.20. 2,144,489 shares of the company traded hands, compared to its average volume of 2,053,554. The stock’s fifty day moving average is $11.49 and its 200 day moving average is $14.25. Oxford Lane Capital has a 1-year low of $8.15 and a 1-year high of $24.90. The stock has a market cap of $743.22 million, a P/E ratio of 1.24 and a beta of 0.78.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a c) annualized dividend and a yield of 29.3%.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.