Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Decreases By 25.0%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,200 shares, a drop of 25.0% from the August 15th total of 1,600 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 0.4 days.

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

OXLCL stock opened at $24.18 on Friday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1-year low of $22.10 and a 1-year high of $24.52. The business’s 50 day simple moving average is $23.88 and its 200 day simple moving average is $23.91.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be issued a $0.4219 dividend. This is a boost from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 6.98%. The ex-dividend date of this dividend is Friday, September 13th.

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.