Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Drops By 26.9%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,040 shares, a decrease of 26.9% from the February 26th total of 2,789 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 0.3 days.

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

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

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of OXLCL traded down $0.23 during midday trading on Monday, reaching $23.54. 4,325 shares of the stock were exchanged, compared to its average volume of 5,114. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $22.75 and a 52 week high of $24.66. The company’s 50 day moving average is $24.09 and its two-hundred day moving average is $24.02.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, June 15th.

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

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.