Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Update

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 183 shares, a decline of 95.5% from the February 12th total of 4,037 shares. Based on an average daily trading volume, of 5,006 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 5,006 shares, the short-interest ratio is presently 0.0 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCN traded up $0.01 during mid-day trading on Tuesday, hitting $24.26. The stock had a trading volume of 1,842 shares, compared to its average volume of 4,174. The company has a 50 day moving average of $24.51 and a two-hundred day moving average of $24.41. Oxford Lane Capital has a twelve month low of $23.40 and a twelve month high of $24.78.

Oxford Lane Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.1484 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, May 15th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for approximately 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.