Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 27,696 shares, an increase of 24.7% from the February 26th total of 22,209 shares. Based on an average daily volume of 23,482 shares, the short-interest ratio is presently 1.2 days.
Oxford Lane Capital Price Performance
Shares of OXLCP stock traded up $0.07 on Wednesday, reaching $24.77. 5,956 shares of the company were exchanged, compared to its average volume of 11,288. The company has a 50-day moving average of $24.66 and a 200-day moving average of $24.58. Oxford Lane Capital has a one year low of $23.75 and a one year high of $24.97.
Oxford Lane Capital Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.1302 dividend. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 6.3%.
Institutional Investors Weigh In On Oxford Lane Capital
About Oxford Lane Capital
Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.
The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.
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