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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 498 shares, a decline of 59.9% from the June 30th total of 1,243 shares. Based on an average daily volume of 2,374 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Oxford Lane Capital Corp. 6.75% Notes due 2031

An institutional investor recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 38,367 shares of the company’s stock, valued at approximately $924,000.

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

OXLCL traded up $0.04 during trading hours on Wednesday, hitting $24.60. 1,087 shares of the company’s stock were exchanged, compared to its average volume of 4,019. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $23.28 and a 12-month high of $24.99. The firm has a 50 day moving average of $24.47 and a 200 day moving average of $24.22.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.9%.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

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.