Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Up 328.2% in May

Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,689 shares, an increase of 328.2% from the May 14th total of 628 shares. Based on an average daily volume of 4,571 shares, the short-interest ratio is currently 0.6 days.

Oxford Lane Capital Trading Up 0.2%

Oxford Lane Capital stock opened at $24.08 on Friday. The firm has a 50-day moving average of $23.89 and a 200-day moving average of $23.60. Oxford Lane Capital has a 1-year low of $22.88 and a 1-year high of $24.98.

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Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.125 dividend. The ex-dividend date is Monday, August 17th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. acquired a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCO – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,267 shares of the company’s stock, valued at approximately $76,000.

Oxford Lane Capital Company Profile

(Get Free Report)

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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