Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Significant Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,209 shares, a decline of 48.9% from the July 30th total of 2,366 shares. Based on an average daily volume of 734 shares, the short-interest ratio is currently 1.6 days.

Oxford Lane Capital Stock Performance

NASDAQ OXLCO opened at $23.98 on Tuesday. Oxford Lane Capital has a 52 week low of $23.07 and a 52 week high of $24.98. The company has a 50-day moving average price of $23.98 and a two-hundred day moving average price of $23.79.

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Oxford Lane Capital Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, November 16th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital accounts for about 2.5% of Karpus Management Inc.’s portfolio, making the stock its 14th biggest holding.

Oxford Lane Capital Company Profile

(Get Free Report)

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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