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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 2,437 shares, a decrease of 50.3% from the January 29th total of 4,902 shares. Based on an average daily volume of 3,333 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 3,333 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.03 on Friday, reaching $24.30. The company had a trading volume of 3,032 shares, compared to its average volume of 4,819. The firm’s 50-day moving average price is $24.17 and its two-hundred day moving average price is $23.99. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1 year low of $22.75 and a 1 year high of $24.66.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, June 15th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.