Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Trading Down 0.4% – Here’s What Happened

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) shares fell 0.4% during mid-day trading on Thursday . The stock traded as low as $24.40 and last traded at $24.40. Approximately 639 shares were traded during trading, a decline of 85% from the average daily volume of 4,186 shares. The stock had previously closed at $24.50.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Down 0.4%

The company’s 50 day moving average price is $24.44 and its 200 day moving average price is $24.20.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.4219 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a yield of 6.9%.

Hedge Funds Weigh In On Oxford Lane Capital Corp. 6.75% Notes due 2031

A hedge fund recently bought a new position in Oxford Lane Capital Corp. 6.75% Notes due 2031 stock. Karpus Management Inc. acquired a new stake in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 38,367 shares of the company’s stock, valued at approximately $924,000.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

Oxford Lane Capital Corp. is a closed-end management investment company organized under the Investment Company Act of 1940 and listed on the Nasdaq Global Market. The firm focuses on generating attractive risk-adjusted returns primarily through investments in U.S. consumer credit asset-backed securities and corporate loans. Its portfolio typically includes collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), and other structured finance instruments secured by auto loans, credit card receivables, personal loans and similar consumer assets.

Since its initial public offering in 2012, Oxford Lane Capital has sought to capitalize on opportunities in the U.S.