Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCO) Decreases By 42.2%

Oxford Lane Capital Corp. (NASDAQ:OXLCO) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,366 shares, a decline of 42.2% from the July 15th total of 4,090 shares. Based on an average daily volume of 1,385 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Trading of Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,267 shares of the company’s stock, valued at approximately $76,000.

Oxford Lane Capital Stock Up 0.5%

Oxford Lane Capital stock traded up $0.12 during mid-day trading on Tuesday, reaching $24.02. The company’s stock had a trading volume of 3,109 shares, compared to its average volume of 2,566. Oxford Lane Capital has a 12 month low of $22.99 and a 12 month high of $24.98. The business’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $23.77.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a $0.125 dividend. The ex-dividend date is Monday, November 16th. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.