Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 14,169 shares, a decline of 48.8% from the March 15th total of 27,696 shares. Based on an average daily trading volume, of 6,344 shares, the days-to-cover ratio is currently 2.2 days.
Oxford Lane Capital Trading Up 0.5%
Shares of OXLCP stock traded up $0.14 during trading hours on Wednesday, hitting $25.02. 451 shares of the company were exchanged, compared to its average volume of 11,654. The firm has a fifty day moving average of $24.69 and a 200 day moving average of $24.61. Oxford Lane Capital has a 1 year low of $23.99 and a 1 year high of $25.02.
Oxford Lane Capital Dividend Announcement
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 paid a dividend of $0.1302 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.
Institutional Trading of Oxford Lane Capital
About Oxford Lane Capital
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.
Further Reading
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