Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Up 1,485.3% in July

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 4,090 shares, a growth of 1,485.3% from the June 30th total of 258 shares. Based on an average trading volume of 2,507 shares, the days-to-cover ratio is presently 1.6 days.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded up $0.22 during midday trading on Friday, reaching $24.07. The company’s stock had a trading volume of 202 shares, compared to its average volume of 2,690. Oxford Lane Capital has a fifty-two week low of $22.95 and a fifty-two week high of $24.98. The stock’s 50 day simple moving average is $24.00 and its 200 day simple moving average is $23.72.

Oxford Lane Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.125 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, August 17th.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,267 shares of the company’s stock, valued at approximately $76,000.

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.