Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) was the recipient of a significant growth in short interest in 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 volume of 1,941 shares, the days-to-cover ratio is presently 0.7 days.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance
Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded up $0.04 during mid-day trading on Friday, hitting $23.84. The company had a trading volume of 1,559 shares, 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 business has a fifty day moving average of $24.22 and a 200 day moving average of $24.25.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, December 15th.
About Oxford Lane Capital Corp. 6.75% Notes due 2031
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.
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