Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,225 shares, a decrease of 70.6% from the June 15th total of 4,173 shares. Based on an average daily trading volume, of 1,856 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Inflows and Outflows
A hedge fund 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:OXLCN – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital comprises approximately 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th largest holding.
Oxford Lane Capital Stock Performance
Shares of NASDAQ OXLCN traded up $0.15 during trading on Friday, reaching $24.72. The company had a trading volume of 2,721 shares, compared to its average volume of 3,173. Oxford Lane Capital has a twelve month low of $23.93 and a twelve month high of $25.10. The stock has a 50-day moving average price of $24.80 and a two-hundred day moving average price of $24.57.
Oxford Lane Capital Dividend Announcement
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.
The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.
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