Oxford Lane Capital Corp. (NASDAQ:OXLCI) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCI – Get Free Report) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 8,095 shares, a decrease of 42.1% from the June 15th total of 13,985 shares. Based on an average trading volume of 3,669 shares, the short-interest ratio is currently 2.2 days.

Oxford Lane Capital Price Performance

Shares of OXLCI stock traded down $0.01 during mid-day trading on Friday, reaching $25.50. The stock had a trading volume of 376 shares, compared to its average volume of 6,351. The firm’s 50 day simple moving average is $25.65 and its 200 day simple moving average is $25.62. Oxford Lane Capital has a one year low of $25.10 and a one year high of $26.25.

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Oxford Lane Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.5469 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.

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