Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,059 shares, a decrease of 55.2% from the May 14th total of 4,600 shares. Based on an average daily trading volume, of 3,971 shares, the days-to-cover ratio is currently 0.5 days.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.6%
Shares of NASDAQ:OXLCL traded down $0.14 during trading on Friday, reaching $24.51. 1,445 shares of the stock traded hands, compared to its average volume of 4,400. The stock has a 50-day moving average of $24.24 and a two-hundred day moving average of $24.15. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52-week low of $23.18 and a 52-week high of $24.99.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.4219 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.69 annualized dividend and a yield of 6.9%.
Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031
Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile
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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