Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Grows By 328.2%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,689 shares, an increase of 328.2% from the May 14th total of 628 shares. Based on an average daily volume of 4,571 shares, the short-interest ratio is presently 0.6 days.

Oxford Lane Capital Stock Performance

OXLCO stock traded down $0.04 during mid-day trading on Thursday, hitting $24.00. The stock had a trading volume of 3,818 shares, compared to its average volume of 2,770. Oxford Lane Capital has a 1-year low of $22.88 and a 1-year high of $24.98. The company has a fifty day moving average of $23.86 and a 200 day moving average of $23.59.

Oxford Lane Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.125 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital comprises about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest holding.

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.