Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Increase in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,789 shares, an increase of 14.4% from the February 12th total of 2,437 shares. Based on an average daily volume of 5,233 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 5,233 shares, the short-interest ratio is presently 0.5 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of OXLCL stock traded down $0.21 during trading hours on Tuesday, reaching $23.82. The company’s stock had a trading volume of 3,962 shares, compared to its average volume of 5,357. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a one year low of $22.75 and a one year high of $24.66. The firm’s fifty day simple moving average is $24.18 and its 200 day simple moving average is $24.03.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.4219 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.69 annualized dividend and a yield of 7.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.