Oxford Lane Capital Corp. (NASDAQ:OXLCI) Sees Significant Drop in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 473 shares, a drop of 42.7% from the April 30th total of 826 shares. Based on an average trading volume of 2,451 shares, the short-interest ratio is currently 0.2 days.

Oxford Lane Capital Trading Up 0.4%

Shares of NASDAQ OXLCI traded up $0.10 during trading on Tuesday, reaching $25.84. The stock had a trading volume of 7,179 shares, compared to its average volume of 6,884. Oxford Lane Capital has a fifty-two week low of $25.10 and a fifty-two week high of $26.25. The business’s 50-day moving average price is $25.55 and its 200-day moving average price is $25.65.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.5469 dividend. This represents a $2.19 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.