Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Declines By 42.2%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,366 shares, a decline of 42.2% from the July 15th total of 4,090 shares. Based on an average trading volume of 1,385 shares, the short-interest ratio is presently 1.7 days.

Oxford Lane Capital Stock Performance

OXLCO stock opened at $23.97 on Monday. Oxford Lane Capital has a twelve month low of $22.95 and a twelve month high of $24.98. The business has a fifty day moving average of $23.99 and a 200-day moving average of $23.76.

Oxford Lane Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a c) annualized dividend and a yield of 6.3%.

Hedge Funds 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 stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital comprises 2.5% of Karpus Management Inc.’s portfolio, making the stock its 14th biggest position.

Oxford Lane Capital Company Profile

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.