Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 4,091 shares, a growth of 98.9% from the December 31st total of 2,057 shares. Based on an average daily trading volume, of 1,873 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily trading volume, of 1,873 shares, the days-to-cover ratio is currently 2.2 days.

Oxford Lane Capital Stock Performance

OXLCO stock opened at $23.76 on Friday. Oxford Lane Capital has a 52 week low of $22.28 and a 52 week high of $24.01. The company’s 50-day simple moving average is $23.49 and its 200 day simple moving average is $23.37.

Oxford Lane Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, May 15th.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,267 shares of the company’s stock, valued at approximately $76,000.

Oxford Lane Capital Company Profile

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.