Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 474 shares, a drop of 76.2% from the April 15th total of 1,993 shares. Based on an average trading volume of 966 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On Oxford Lane Capital
A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 3,267 shares of the company’s stock, valued at approximately $76,000.
Oxford Lane Capital Price Performance
NASDAQ:OXLCO traded down $0.49 during trading hours on Wednesday, hitting $24.01. 281 shares of the company traded hands, compared to its average volume of 2,504. The firm’s 50-day simple moving average is $23.58 and its 200-day simple moving average is $23.50. Oxford Lane Capital has a one year low of $22.58 and a one year high of $24.98.
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.
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