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

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

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

Shares of NASDAQ:OXLCL traded down $0.01 during trading on Monday, hitting $23.65. 2,771 shares of the stock were exchanged, compared to its average volume of 3,290. The company has a fifty day moving average price of $23.68 and a two-hundred day moving average price of $23.93. 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.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Saturday, March 15th will be paid a $0.4219 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.69 dividend on an annualized basis and a yield of 7.13%. This is a positive change from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Company Profile

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.