Short Interest in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Decreases By 60.8%

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 102,800 shares, a decrease of 60.8% from the December 15th total of 262,200 shares. Based on an average daily trading volume, of 685,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. J.W. Cole Advisors Inc. lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 85.2% during the third quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock valued at $1,077,000 after purchasing an additional 72,612 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter valued at approximately $231,000. Freestate Advisors LLC purchased a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter worth approximately $75,000. Modera Wealth Management LLC increased its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 8.7% during the 3rd quarter. Modera Wealth Management LLC now owns 27,000 shares of the company’s stock valued at $184,000 after purchasing an additional 2,150 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 4.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 45,336 shares of the company’s stock valued at $320,000 after buying an additional 1,795 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

Shares of NYSE XFLT traded down $0.14 during midday trading on Monday, reaching $6.56. The stock had a trading volume of 724,076 shares, compared to its average volume of 560,737. XAI Octagon Floating Rate & Alternative Income Trust has a 12-month low of $6.29 and a 12-month high of $7.76. The stock has a 50-day moving average of $6.81 and a 200-day moving average of $6.89.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 16th will be paid a $0.077 dividend. This represents a $0.92 annualized dividend and a yield of 14.09%. The ex-dividend date is Thursday, January 16th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 114.94%.

About XAI Octagon Floating Rate & Alternative Income Trust

XAI Octagon Floating Rate & Alternative Income Term Trust invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets. Under normal market conditions, the Trust will invest at least 80% of managed assets in senior secured loans, CLO debt and CLO equity.

The Trust seeks attractive total return with an emphasis on income generation across multiple stages of the credit cycle.