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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCLGet Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,900 shares, a growth of 281.5% from the July 15th total of 498 shares. Based on an average trading volume of 1,504 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

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

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Up 0.1%

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock opened at $24.38 on Thursday. The stock has a fifty day moving average price of $24.48 and a two-hundred day moving average price of $24.25. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52-week low of $23.42 and a 52-week high of $24.99.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.4219 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

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

(Get Free Report)

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.

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