XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT – Get Free Report) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 94,500 shares, an increase of 126.6% from the February 13th total of 41,700 shares. Based on an average daily volume of 677,000 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On XAI Octagon Floating Rate & Alternative Income Trust
Several large investors have recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. bought a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at $6,880,000. Cresset Asset Management LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth $2,102,000. Choreo LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth $1,004,000. Landscape Capital Management L.L.C. purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth $346,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 30.1% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,326 shares of the company’s stock worth $1,363,000 after buying an additional 47,473 shares during the period.
XAI Octagon Floating Rate & Alternative Income Trust Stock Performance
Shares of NYSE XFLT traded up $0.03 during trading hours on Friday, hitting $6.17. 403,716 shares of the company traded hands, compared to its average volume of 619,027. The company’s 50 day moving average price is $6.47 and its 200 day moving average price is $6.71. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.11 and a 12 month high of $7.30.
XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement
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.
Featured Stories
- Five stocks we like better than XAI Octagon Floating Rate & Alternative Income Trust
- Why Invest in 5G? How to Invest in 5G Stocks
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for XAI Octagon Floating Rate & Alternative Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XAI Octagon Floating Rate & Alternative Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.