Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 401 shares, a decline of 66.8% from the August 15th total of 1,209 shares. Based on an average daily trading volume, of 4,449 shares, the days-to-cover ratio is currently 0.1 days.
Oxford Lane Capital Price Performance
OXLCO traded down $0.23 during trading on Monday, hitting $23.55. 3,977 shares of the company traded hands, compared to its average volume of 2,857. Oxford Lane Capital has a one year low of $23.07 and a one year high of $24.98. The stock’s fifty day moving average is $23.99 and its 200 day moving average is $23.82.
Oxford Lane Capital Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, November 16th.
About Oxford Lane Capital
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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