XAI OCTAGON FR/COM (XFLT) Trading 5.5% Higher

XAI OCTAGON FR/COM (NYSE:XFLT) traded up 5.5% during trading on Wednesday . The stock traded as high as $9.38 and last traded at $9.15. 527,156 shares changed hands during trading, an increase of 2,008% from the average session volume of 25,004 shares. The stock had previously closed at $8.67.

Separately, National Securities reiterated a “buy” rating and set a $13.00 target price on shares of XAI OCTAGON FR/COM in a research report on Monday, February 25th.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.073 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from XAI OCTAGON FR/COM’s previous monthly dividend of $0.07. This represents a $0.88 annualized dividend and a yield of 9.52%.

Large investors have recently bought and sold shares of the stock. Clear Harbor Asset Management LLC lifted its position in shares of XAI OCTAGON FR/COM by 14.0% in the 4th quarter. Clear Harbor Asset Management LLC now owns 34,925 shares of the company’s stock worth $255,000 after purchasing an additional 4,285 shares during the period. Shaker Financial Services LLC acquired a new position in shares of XAI OCTAGON FR/COM in the 4th quarter worth approximately $866,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of XAI OCTAGON FR/COM in the 4th quarter worth approximately $88,000. Two Sigma Securities LLC acquired a new position in shares of XAI OCTAGON FR/COM in the 4th quarter worth approximately $105,000. Finally, Wedbush Securities Inc. lifted its position in shares of XAI OCTAGON FR/COM by 19.3% in the 1st quarter. Wedbush Securities Inc. now owns 24,498 shares of the company’s stock worth $213,000 after purchasing an additional 3,962 shares during the period.

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About XAI OCTAGON FR/COM (NYSE:XFLT)

There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.

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