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

Oxford Lane Capital Corp. (NASDAQ:OXLCNGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 5,446 shares, an increase of 87.8% from the May 14th total of 2,900 shares. Based on an average daily trading volume, of 3,926 shares, the short-interest ratio is currently 1.4 days.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock opened at $24.95 on Monday. The company’s 50-day moving average price is $24.68 and its 200-day moving average price is $24.52. Oxford Lane Capital has a twelve month low of $23.84 and a twelve month high of $25.10.

Oxford Lane Capital Dividend Announcement

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

Institutional Trading of 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:OXLCNFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital comprises about 3.0% of Karpus Management Inc.’s holdings, making the stock its 11th largest position.

About Oxford Lane Capital

(Get Free Report)

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.

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