Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,600 shares, a growth of 69.1% from the April 30th total of 2,720 shares. Based on an average daily volume of 3,320 shares, the days-to-cover ratio is presently 1.4 days.
Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031
A hedge fund recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 38,367 shares of the company’s stock, valued at approximately $924,000.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance
Shares of NASDAQ:OXLCL opened at $24.55 on Thursday. The firm has a fifty day simple moving average of $24.11 and a two-hundred day simple moving average of $24.12. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $23.18 and a 52 week high of $24.75.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend
About Oxford Lane Capital Corp. 6.75% Notes due 2031
Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.
Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.
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