Shares of Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) dropped 0.3% during trading on Friday . The company traded as low as $22.98 and last traded at $22.98. Approximately 2,051 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 2,290 shares. The stock had previously closed at $23.06.
Oxford Lane Capital Price Performance
The business’s 50 day moving average is $22.86 and its 200-day moving average is $22.58.
About Oxford Lane Capital
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.
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