Oxford Lane Capital Corp. (NASDAQ:OXLCI) Short Interest Down 42.1% in June

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,095 shares, a decrease of 42.1% from the June 15th total of 13,985 shares. Based on an average daily volume of 3,669 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On Oxford Lane Capital

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

Oxford Lane Capital Stock Down 0.1%

Shares of Oxford Lane Capital stock traded down $0.01 on Friday, hitting $25.50. The stock had a trading volume of 394 shares, compared to its average volume of 6,352. Oxford Lane Capital has a one year low of $25.10 and a one year high of $26.25. The stock’s 50-day simple moving average is $25.64 and its two-hundred day simple moving average is $25.62.

Oxford Lane Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5469 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.19 annualized dividend and a yield of 8.6%.

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.