Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 124 shares, a decline of 92.0% from the January 29th total of 1,541 shares. Based on an average daily volume of 1,656 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,656 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for approximately 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest holding.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCO traded down $0.14 during mid-day trading on Wednesday, reaching $23.21. 3,328 shares of the company were exchanged, compared to its average volume of 2,633. The company’s 50-day simple moving average is $23.53 and its 200-day simple moving average is $23.40. Oxford Lane Capital has a twelve month low of $22.28 and a twelve month high of $24.01.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 6.5%.

About Oxford Lane Capital

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.