Oxford Lane Capital Corp. (NASDAQ:OXLCN) Sees Large Increase in Short Interest

Oxford Lane Capital Corp. (NASDAQ:OXLCN) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 2,900 shares, a growth of 153.9% from the April 30th total of 1,142 shares. Based on an average daily trading volume, of 2,388 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On Oxford Lane Capital

A hedge fund recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. bought a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCN) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital makes up approximately 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th largest position.

Oxford Lane Capital Stock Performance

NASDAQ OXLCN opened at $24.95 on Friday. Oxford Lane Capital has a 52-week low of $23.82 and a 52-week high of $25.10. The company has a 50-day simple moving average of $24.55 and a 200 day simple moving average of $24.48.

Oxford Lane Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.1484 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, August 17th.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.