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 December. As of December 31st, there was short interest totaling 2,507 shares, a growth of 51.0% from the December 15th total of 1,660 shares. Based on an average daily volume of 3,333 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 3,333 shares, the short-interest ratio is presently 0.8 days.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 0.3%
Shares of OXLCL stock traded down $0.08 during trading hours on Friday, hitting $24.15. The company had a trading volume of 1,994 shares, compared to its average volume of 4,409. The firm’s fifty day moving average is $24.11 and its 200 day moving average is $23.87. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $22.75 and a 12 month high of $24.38.
Oxford Lane Capital Corp. 6.75% Notes due 2031 Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, March 13th.
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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