XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Up 126.6% in February

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) saw a significant increase in short interest in 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.

XAI Octagon Floating Rate & Alternative Income Trust Trading Up 0.5 %

XFLT opened at $6.15 on Friday. The business’s 50-day moving average is $6.49 and its two-hundred day moving average is $6.72. XAI Octagon Floating Rate & Alternative Income Trust has a 1 year low of $6.11 and a 1 year high of $7.30.

XAI Octagon Floating Rate & Alternative Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a dividend of $0.077 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 15.02%. The ex-dividend date of this dividend is Monday, March 17th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is presently 112.64%.

Institutional Investors Weigh In On XAI Octagon Floating Rate & Alternative Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth approximately $68,000. CreativeOne Wealth LLC purchased a new stake in shares of XAI Octagon Floating Rate & Alternative Income Trust during the fourth quarter valued at $71,000. Guggenheim Capital LLC acquired a new position in shares of XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter valued at $73,000. Atria Wealth Solutions Inc. purchased a new position in XAI Octagon Floating Rate & Alternative Income Trust in the 4th quarter worth $86,000. Finally, Firethorn Wealth Partners LLC acquired a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth about $98,000.

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.