Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Sees Large Increase in Short Interest

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,700 shares, an increase of 27.0% from the February 13th total of 3,700 shares. Based on an average daily trading volume, of 3,300 shares, the days-to-cover ratio is currently 1.4 days.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance

Shares of NASDAQ:OXLCL traded down $0.15 during midday trading on Tuesday, reaching $23.54. 455 shares of the company traded hands, compared to its average volume of 3,279. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $23.12 and a 12 month high of $24.68. The firm’s fifty day moving average price is $23.68 and its two-hundred day moving average price is $23.93.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be paid a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.17%. This is a positive change from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, March 14th.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

oxford lane capital corp. is a close ended fund launched and managed by oxford lane management llc. it invests in fixed income securities. the fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.