Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Drops By 82.5%

Oxford Lane Capital Corp. (NASDAQ:OXLCOGet Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 1,485 shares, a drop of 82.5% from the March 15th total of 8,497 shares. Based on an average daily volume of 2,677 shares, the days-to-cover ratio is currently 0.6 days.

Oxford Lane Capital Trading Up 0.4%

Oxford Lane Capital stock traded up $0.09 during mid-day trading on Monday, hitting $23.71. The company’s stock had a trading volume of 1,314 shares, compared to its average volume of 2,753. Oxford Lane Capital has a 1 year low of $22.28 and a 1 year high of $24.01. The stock’s fifty day moving average is $23.41 and its two-hundred day moving average is $23.42.

Oxford Lane Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.125 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a 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:OXLCOFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,267 shares of the company’s stock, valued at approximately $76,000.

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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