Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Up 307.1% in March

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 8,497 shares, a growth of 307.1% from the February 26th total of 2,087 shares. Based on an average daily trading volume, of 3,742 shares, the short-interest ratio is presently 2.3 days.

Oxford Lane Capital Stock Performance

OXLCO stock opened at $23.18 on Friday. The business has a fifty day simple moving average of $23.45 and a 200-day simple moving average of $23.41. Oxford Lane Capital has a 52 week low of $22.28 and a 52 week high of $24.01.

Oxford Lane Capital Dividend Announcement

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 $0.125 per share. The ex-dividend date is Friday, May 15th. This represents a c) annualized dividend and a yield of 6.5%.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. acquired a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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.