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

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

XAI Octagon Floating Rate & Alternative Income Trust Stock Performance

NYSE XFLT traded up $0.03 on Tuesday, hitting $6.58. 282,129 shares of the company’s stock traded hands, compared to its average volume of 685,783. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $6.29 and a 1-year high of $7.76. The firm’s 50-day moving average price is $6.72 and its two-hundred day moving average price is $6.85.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, January 16th will be paid a dividend of $0.077 per share. This represents a $0.92 annualized dividend and a yield of 14.05%. The ex-dividend date is Thursday, January 16th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 114.94%.

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Choreo LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at $1,004,000. Consolidated Portfolio Review Corp lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 109.9% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock valued at $1,725,000 after purchasing an additional 132,481 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 85.2% in the 3rd 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 period. Worth Asset Management LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 3rd quarter valued at $231,000. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 10.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock valued at $1,479,000 after purchasing an additional 19,947 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Company Profile

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.