XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 20,513 shares, a decrease of 93.2% from the October 15th total of 300,347 shares. Based on an average daily trading volume, of 143,574 shares, the short-interest ratio is presently 0.1 days.
Insiders Place Their Bets
In other news, VP John Spence purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The stock was bought at an average price of $17.07 per share, for a total transaction of $34,140.00. Following the completion of the purchase, the vice president directly owned 114,357 shares of the company’s stock, valued at $1,952,073.99. The trade was a 1.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust
An institutional investor recently bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust stock. Sculptor Capital LP bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,686 shares of the company’s stock, valued at approximately $269,000.
XAI Octagon Floating Rate & Alternative Income Trust Stock Performance
XAI Octagon Floating Rate & Alternative Income Trust stock traded down $0.28 during mid-day trading on Tuesday, hitting $16.07. The company had a trading volume of 52,510 shares, compared to its average volume of 107,626. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $14.92 and a 1 year high of $24.40. The business has a fifty day moving average of $18.31 and a 200 day moving average of $18.38.
XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be paid a dividend of $0.2250 per share. This represents a $2.70 annualized dividend and a yield of 16.8%. The ex-dividend date is Monday, November 16th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is currently 528.74%.
XAI Octagon Floating Rate & Alternative Income Trust Company Profile
XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) is a non-diversified, closed-end management investment company that seeks to provide investors with current income and, to a lesser extent, capital appreciation. The fund invests primarily in floating-rate credit instruments and other alternative income-producing assets. XFLT’s portfolio may include collateralized loan obligations (CLOs), including both debt and equity tranches, as well as senior secured loans and other below-investment-grade corporate credit.
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