Oxford Lane Capital Corp. (NASDAQ:OXLCP) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCPGet Free Report) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 385 shares, a decline of 68.8% from the December 15th total of 1,232 shares. Based on an average daily volume of 6,077 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 6,077 shares, the days-to-cover ratio is currently 0.1 days.

Oxford Lane Capital Stock Performance

OXLCP traded up $0.13 on Tuesday, reaching $24.71. The company had a trading volume of 787 shares, compared to its average volume of 4,543. Oxford Lane Capital has a one year low of $23.75 and a one year high of $24.97. The company has a fifty day moving average of $24.58 and a 200-day moving average of $24.48.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.1302 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Resources Management Corp CT ADV purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCPFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,200 shares of the company’s stock, valued at approximately $320,000.

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.

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