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

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 41,700 shares, a decline of 50.9% from the January 31st total of 85,000 shares. Based on an average daily trading volume, of 735,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of XAI Octagon Floating Rate & Alternative Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC boosted its position in XAI Octagon Floating Rate & Alternative Income Trust by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 84,443 shares of the company’s stock valued at $576,000 after buying an additional 2,493 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 10.2% during the third 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. Great Valley Advisor Group Inc. boosted its holdings in XAI Octagon Floating Rate & Alternative Income Trust by 8.4% in the third quarter. Great Valley Advisor Group Inc. now owns 65,395 shares of the company’s stock valued at $446,000 after acquiring an additional 5,073 shares during the last quarter. Firethorn Wealth Partners LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the fourth quarter worth about $98,000. Finally, Choreo LLC bought a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth about $1,004,000.

XAI Octagon Floating Rate & Alternative Income Trust Stock Up 0.7 %

NYSE XFLT traded up $0.05 on Friday, hitting $6.39. 531,939 shares of the company were exchanged, compared to its average volume of 634,896. XAI Octagon Floating Rate & Alternative Income Trust has a 1-year low of $6.29 and a 1-year high of $7.30. The firm has a 50 day moving average of $6.55 and a two-hundred day moving average of $6.76.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.077 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.47%. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is 113.79%.

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.