Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL – Get Free Report) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 1,192 shares, a decrease of 52.5% from the December 31st total of 2,507 shares. Based on an average trading volume of 4,127 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 4,127 shares, the days-to-cover ratio is presently 0.3 days.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Up 0.7%
Shares of NASDAQ:OXLCL opened at $24.28 on Thursday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1 year low of $22.75 and a 1 year high of $24.41. The business’s 50 day moving average price is $24.14 and its 200-day moving average price is $23.90.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be issued a dividend of $0.4219 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.0%.
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.
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