Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Short Interest Down 30.0% in September

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 2,800 shares, a decrease of 30.0% from the September 15th total of 4,000 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 1.1 days.

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

Shares of NASDAQ OXLCL remained flat at $24.68 during midday trading on Friday. 107 shares of the stock were exchanged, compared to its average volume of 3,510. The stock has a fifty day simple moving average of $24.25 and a 200 day simple moving average of $23.97. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12 month low of $22.13 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 was paid on Monday, September 30th. Investors of record on Sunday, September 15th were given a $0.4219 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.84%. This is an increase 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.