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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 498 shares, a decline of 59.9% from the June 30th total of 1,243 shares. Based on an average daily trading volume, of 2,374 shares, the short-interest ratio is presently 0.2 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Down 0.1%

OXLCL stock opened at $24.38 on Monday. The business has a 50 day moving average of $24.46 and a 200-day moving average of $24.22. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $23.28 and a 12-month high of $24.99.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

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

An institutional investor recently bought a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

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.