Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Up 281.5% in July

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,900 shares, an increase of 281.5% from the July 15th total of 498 shares. Based on an average trading volume of 1,504 shares, the days-to-cover ratio is presently 1.3 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance

Shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded up $0.12 on Friday, hitting $24.47. 663 shares of the company traded hands, compared to its average volume of 3,859. The stock’s 50 day moving average price is $24.47 and its 200-day moving average price is $24.25. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $23.42 and a 52 week high of $24.99.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.4219 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%.

Hedge Funds Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund 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) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.