Oxford Lane Capital Corp. (NASDAQ:OXLCO) Sees Large Increase in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,993 shares, a growth of 34.2% from the March 31st total of 1,485 shares. Based on an average daily trading volume, of 1,519 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Inflows and Outflows

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

Oxford Lane Capital Stock Up 1.2%

Oxford Lane Capital stock traded up $0.28 during trading hours on Thursday, reaching $23.92. 996 shares of the stock were exchanged, compared to its average volume of 2,528. Oxford Lane Capital has a 52-week low of $22.58 and a 52-week high of $24.01. The firm’s 50 day moving average is $23.47 and its 200 day moving average is $23.46.

About Oxford Lane Capital

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.