Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Rises By 328.2%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 2,689 shares, an increase of 328.2% from the May 14th total of 628 shares. Based on an average daily volume of 4,571 shares, the days-to-cover ratio is currently 0.6 days.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLCO traded up $0.05 during midday trading on Friday, hitting $24.08. The company had a trading volume of 1,459 shares, compared to its average volume of 2,758. Oxford Lane Capital has a twelve month low of $22.88 and a twelve month high of $24.98. The business’s 50-day simple moving average is $23.88 and its 200-day simple moving average is $23.60.

Oxford Lane Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Investors Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,267 shares of the company’s stock, valued at approximately $76,000.

About Oxford Lane Capital

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.