Oxford Lane Capital Corp. (NASDAQ:OXLCO) Short Interest Up 1,485.3% in July

Oxford Lane Capital Corp. (NASDAQ:OXLCO) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 4,090 shares, a growth of 1,485.3% from the June 30th total of 258 shares. Based on an average trading volume of 2,507 shares, the short-interest ratio is currently 1.6 days.

Oxford Lane Capital Trading Up 0.9%

Shares of Oxford Lane Capital stock traded up $0.22 on Friday, reaching $24.07. 202 shares of the stock were exchanged, compared to its average volume of 2,690. Oxford Lane Capital has a 1-year low of $22.95 and a 1-year high of $24.98. The business has a fifty day moving average price of $24.00 and a two-hundred day moving average price of $23.72.

Oxford Lane Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.125 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, August 17th.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,267 shares of the company’s stock, valued at approximately $76,000.

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.