Short Interest in XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Declines By 66.5%

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 262,200 shares, a drop of 66.5% from the November 30th total of 782,700 shares. Based on an average trading volume of 669,500 shares, the short-interest ratio is currently 0.4 days.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XAI Octagon Floating Rate & Alternative Income Trust stock remained flat at $6.68 during midday trading on Thursday. 490,417 shares of the company were exchanged, compared to its average volume of 483,711. 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 simple moving average of $6.85 and a two-hundred day simple moving average of $6.92.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.077 dividend. This represents a $0.92 annualized dividend and a yield of 13.83%. The ex-dividend date is Monday, December 16th. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio is currently 116.09%.

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

Institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 32.3% during the 2nd quarter. Belpointe Asset Management LLC now owns 613,571 shares of the company’s stock worth $4,326,000 after purchasing an additional 149,744 shares during the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of XAI Octagon Floating Rate & Alternative Income Trust by 109.9% during the third quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock valued at $1,725,000 after buying an additional 132,481 shares during the last quarter. Chicago Partners Investment Group LLC increased its position 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 acquiring an additional 19,947 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in XAI Octagon Floating Rate & Alternative Income Trust by 19.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 201,545 shares of the company’s stock worth $1,421,000 after acquiring an additional 33,330 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its position in XAI Octagon Floating Rate & Alternative Income Trust by 85.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 157,853 shares of the company’s stock worth $1,077,000 after acquiring an additional 72,612 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.