Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCP) Rises By 24.7%

Oxford Lane Capital Corp. (NASDAQ:OXLCPGet Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 27,696 shares, a growth of 24.7% from the February 26th total of 22,209 shares. Based on an average daily trading volume, of 23,482 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Resources Management Corp CT ADV bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCPFree Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,200 shares of the company’s stock, valued at approximately $320,000.

Oxford Lane Capital Price Performance

OXLCP stock traded down $0.01 during mid-day trading on Monday, hitting $24.59. The stock had a trading volume of 5,885 shares, compared to its average volume of 11,431. The firm has a fifty day simple moving average of $24.66 and a 200 day simple moving average of $24.58. Oxford Lane Capital has a 52 week low of $23.75 and a 52 week high of $24.97.

Oxford Lane Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $0.1302 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, May 15th.

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.

Further Reading

Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.