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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 436 shares, a decrease of 83.8% from the May 31st total of 2,689 shares. Based on an average trading volume of 2,606 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Oxford Lane Capital

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

Oxford Lane Capital Trading Down 1.0%

Shares of Oxford Lane Capital stock opened at $23.68 on Friday. The firm’s 50-day moving average is $23.96 and its two-hundred day moving average is $23.64. Oxford Lane Capital has a 1 year low of $22.95 and a 1 year high of $24.98.

Oxford Lane Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.125 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th.

About Oxford Lane Capital

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.