Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Decline in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,040 shares, a drop of 26.9% from the February 26th total of 2,789 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Oxford Lane Capital Corp. 6.75% Notes due 2031

An institutional investor recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. purchased a new stake in shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Down 1.0%

Shares of OXLCL opened at $23.54 on Tuesday. The business’s 50-day moving average price is $24.09 and its 200-day moving average price is $24.02. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a twelve month low of $22.75 and a twelve month high of $24.66.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.4219 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.69 annualized dividend and a yield of 7.2%.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.