XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Update

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the target of a large 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 volume of 685,400 shares, the days-to-cover ratio is presently 0.1 days.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

NYSE:XFLT traded down $0.14 during trading hours on Monday, reaching $6.56. The company’s stock had a trading volume of 724,076 shares, compared to its average volume of 560,737. The firm has a 50-day simple moving average of $6.81 and a 200-day simple moving average of $6.89. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $6.29 and a 1 year high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

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

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 2nd quarter valued at about $60,000. Freestate Advisors LLC bought a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the third quarter valued at approximately $75,000. Atomi Financial Group Inc. raised its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 19.8% in the third quarter. Atomi Financial Group Inc. now owns 26,427 shares of the company’s stock worth $180,000 after purchasing an additional 4,365 shares during the last quarter. Modera Wealth Management LLC increased its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 8.7% in the 3rd quarter. Modera Wealth Management LLC now owns 27,000 shares of the company’s stock worth $184,000 after buying an additional 2,150 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter valued at about $231,000.

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.