Oxford Lane Capital Corp. (NASDAQ:OXLCI) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCI) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 2,509 shares, a decline of 67.6% from the January 29th total of 7,754 shares. Based on an average daily volume of 16,173 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 16,173 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Stock Down 0.1%

NASDAQ:OXLCI traded down $0.02 during mid-day trading on Friday, hitting $25.69. The stock had a trading volume of 8,601 shares, compared to its average volume of 9,523. The stock has a 50-day simple moving average of $25.73 and a two-hundred day simple moving average of $25.73. Oxford Lane Capital has a twelve month low of $24.93 and a twelve month high of $26.25.

Oxford Lane Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th will be paid a $0.5469 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.19 dividend on an annualized basis and a yield of 8.5%.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.