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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 1,541 shares, a decrease of 62.3% from the January 15th total of 4,091 shares. Based on an average daily volume of 3,674 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 3,674 shares, the short-interest ratio is currently 0.4 days.

Oxford Lane Capital Stock Up 0.8%

Shares of NASDAQ:OXLCO traded up $0.19 during midday trading on Thursday, reaching $23.79. 1,994 shares of the company’s stock were exchanged, compared to its average volume of 2,526. Oxford Lane Capital has a fifty-two week low of $22.28 and a fifty-two week high of $24.01. The firm’s 50 day simple moving average is $23.53 and its two-hundred day simple moving average is $23.38.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,267 shares of the company’s stock, valued at approximately $76,000.

Oxford Lane Capital Company Profile

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.