Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,622 shares, a growth of 64.9% from the September 30th total of 1,590 shares. Based on an average daily volume of 5,774 shares, the days-to-cover ratio is presently 0.5 days.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance
Oxford Lane Capital Corp. 5.00% Notes due 2027 stock traded up $0.01 during trading hours on Monday, reaching $25.02. 411 shares of the company’s stock were exchanged, compared to its average volume of 5,864. The firm’s 50 day simple moving average is $24.98 and its 200 day simple moving average is $24.75. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a twelve month low of $24.21 and a twelve month high of $25.15.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, December 15th.
Oxford Lane Capital Corp. 5.00% Notes due 2027 Company Profile
Oxford Lane Capital Corp. 5.00% Notes due 2027 are debt securities issued by Oxford Lane Capital Corp., a publicly traded, non-diversified closed-end management investment company. The notes represent obligations of the issuer rather than a separate operating business and trade on the Nasdaq Stock Market under the symbol OXLCZ.
Oxford Lane Capital invests primarily in collateralized loan obligation (CLO) securities, with an emphasis on equity and junior debt tranches. CLOs are investment vehicles backed mainly by portfolios of senior secured corporate loans.
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