Walleye Capital LLC Sells 79,471 Shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT)

Walleye Capital LLC lowered its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) by 63.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,455 shares of the company’s stock after selling 79,471 shares during the quarter. Walleye Capital LLC’s holdings in XAI Octagon Floating Rate & Alternative Income Trust were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of XAI Octagon Floating Rate & Alternative Income Trust by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 45,336 shares of the company’s stock valued at $320,000 after purchasing an additional 1,795 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of 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 valued at $184,000 after acquiring an additional 2,150 shares during the period. Private Advisor Group LLC raised its position in shares of 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 acquiring an additional 2,493 shares during the period. Wedbush Securities Inc. raised its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 6.3% in the 2nd quarter. Wedbush Securities Inc. now owns 50,533 shares of the company’s stock valued at $356,000 after acquiring an additional 3,008 shares during the period. Finally, Atomi Financial Group Inc. raised its position in shares of XAI Octagon Floating Rate & Alternative Income Trust by 22.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 22,062 shares of the company’s stock valued at $156,000 after acquiring an additional 4,094 shares during the period.

XAI Octagon Floating Rate & Alternative Income Trust Trading Down 1.0 %

Shares of NYSE:XFLT opened at $6.74 on Wednesday. The firm’s 50 day simple moving average is $6.90 and its 200 day simple moving average is $6.96. XAI Octagon Floating Rate & Alternative Income Trust has a fifty-two week low of $6.53 and a fifty-two week high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.077 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 13.71%. XAI Octagon Floating Rate & Alternative Income Trust’s dividend payout ratio (DPR) is presently 116.09%.

XAI Octagon Floating Rate & Alternative Income Trust 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.