Short Interest in Oxford Lane Capital Corp. (NASDAQ:OXLCI) Drops By 38.1%

Oxford Lane Capital Corp. (NASDAQ:OXLCI) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,696 shares, a decrease of 38.1% from the February 26th total of 2,742 shares. Based on an average trading volume of 6,216 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. bought a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCI traded up $0.09 during mid-day trading on Friday, reaching $25.34. 1,994 shares of the company were exchanged, compared to its average volume of 8,529. Oxford Lane Capital has a 1 year low of $24.93 and a 1 year high of $26.25. The firm’s 50-day simple moving average is $25.66 and its 200 day simple moving average is $25.70.

Oxford Lane Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.5469 per share. This represents a $2.19 annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Monday, June 15th.

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.