Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCP) Increases By 45.8%

Oxford Lane Capital Corp. (NASDAQ:OXLCP) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 22,209 shares, an increase of 45.8% from the February 12th total of 15,235 shares. Based on an average daily volume of 16,186 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 16,186 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Resources Management Corp CT ADV bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,200 shares of the company’s stock, valued at approximately $320,000.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCP traded up $0.02 on Friday, hitting $24.87. The company had a trading volume of 7,440 shares, compared to its average volume of 12,601. Oxford Lane Capital has a 12-month low of $23.75 and a 12-month high of $24.97. The business has a 50 day moving average of $24.66 and a two-hundred day moving average of $24.56.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.1302 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.