Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Declines By 66.8%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 401 shares, a decrease of 66.8% from the August 15th total of 1,209 shares. Based on an average daily volume of 4,449 shares, the short-interest ratio is presently 0.1 days.

Oxford Lane Capital Trading Up 0.1%

Oxford Lane Capital stock traded up $0.03 during midday trading on Friday, hitting $23.79. 7,160 shares of the company’s stock were exchanged, compared to its average volume of 2,850. Oxford Lane Capital has a 12-month low of $23.07 and a 12-month high of $24.98. The firm’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $23.82.

Oxford Lane Capital Announces Dividend

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

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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 largest holding.

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.