Oxford Lane Capital Corp. (NASDAQ:OXLCI) Sees Large Growth in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 13,985 shares, a growth of 965.1% from the May 31st total of 1,313 shares. Based on an average daily trading volume, of 8,336 shares, the short-interest ratio is presently 1.7 days.

Oxford Lane Capital Stock Performance

Shares of OXLCI traded down $0.01 on Friday, reaching $25.45. 1,714 shares of the company’s stock traded hands, compared to its average volume of 6,835. The stock’s 50 day simple moving average is $25.68 and its two-hundred day simple moving average is $25.63. Oxford Lane Capital has a 52-week low of $25.10 and a 52-week high of $26.25.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.