Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 258 shares, a drop of 40.8% from the June 15th total of 436 shares. Based on an average daily trading volume, of 2,390 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On Oxford Lane Capital
A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital comprises approximately 2.5% of Karpus Management Inc.’s holdings, making the stock its 14th biggest position.
Oxford Lane Capital Trading Down 1.3%
OXLCO traded down $0.31 during trading on Thursday, reaching $24.14. The company had a trading volume of 2,836 shares, compared to its average volume of 2,729. The firm’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $23.69. Oxford Lane Capital has a 12-month low of $22.95 and a 12-month high of $24.98.
Oxford Lane Capital Announces Dividend
Oxford Lane Capital Company Profile
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.
See Also
- Five stocks we like better than Oxford Lane Capital
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.
