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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,447 shares, a growth of 971.9% from the September 15th total of 135 shares. Based on an average daily trading volume, of 1,941 shares, the days-to-cover ratio is presently 0.7 days.

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

OXLCL traded up $0.04 during trading on Friday, hitting $23.84. 1,559 shares of the stock were exchanged, compared to its average volume of 3,562. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1-year low of $23.42 and a 1-year high of $24.99. The stock has a fifty day moving average price of $24.22 and a two-hundred day moving average price of $24.25.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.4219 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.1%.

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

Oxford Lane Capital Corp. is a closed-end management investment company that focuses primarily on investing in collateralized loan obligation (CLO) securities. Its portfolio generally includes equity and junior debt tranches of CLOs, which are investment vehicles backed mainly by pools of senior secured corporate loans.

The company seeks to generate current income and, to a lesser extent, capital appreciation through its investments. CLO equity and subordinated debt can provide exposure to the performance of the underlying corporate loan markets, while also carrying greater credit and market risk than senior CLO tranches.

Oxford Lane Capital Corp.