Short Interest in Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Declines By 18.4%

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,100 shares, a drop of 18.4% from the October 15th total of 3,800 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 1.2 days.

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

Shares of OXLCL remained flat at $23.98 during trading hours on Friday. The stock had a trading volume of 2,204 shares, compared to its average volume of 3,442. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $22.53 and a 12 month high of $24.68. The business’s fifty day moving average is $24.32 and its 200 day moving average is $24.00.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a $0.4219 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.69 dividend on an annualized basis and a yield of 7.04%.

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.