Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Down 48.9% in August

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,209 shares, a drop of 48.9% from the July 30th total of 2,366 shares. Based on an average daily volume of 734 shares, the days-to-cover ratio is currently 1.6 days.

Oxford Lane Capital Stock Down 0.3%

Shares of NASDAQ:OXLCO traded down $0.07 during mid-day trading on Friday, hitting $23.92. 2,538 shares of the company traded hands, compared to its average volume of 2,700. The stock has a 50-day moving average price of $23.98 and a two-hundred day moving average price of $23.79. Oxford Lane Capital has a 12-month low of $23.07 and a 12-month high of $24.98.

Oxford Lane Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, November 16th.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 516,391 shares of the company’s stock, valued at approximately $12,086,000. Oxford Lane Capital makes up about 2.5% of Karpus Management Inc.’s investment portfolio, making the stock its 14th largest position.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.