XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) Short Interest Down 60.8% in January

XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 102,800 shares, a decrease of 60.8% from the December 31st total of 262,200 shares. Based on an average trading volume of 685,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Choreo LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 4th quarter worth approximately $1,004,000. Consolidated Portfolio Review Corp grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 109.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 252,994 shares of the company’s stock worth $1,725,000 after purchasing an additional 132,481 shares during the last quarter. J.W. Cole Advisors Inc. grew 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 purchasing an additional 72,612 shares during the last quarter. Worth Asset Management LLC purchased a new stake in XAI Octagon Floating Rate & Alternative Income Trust during the 3rd quarter worth approximately $231,000. Finally, Chicago Partners Investment Group LLC grew its position in XAI Octagon Floating Rate & Alternative Income Trust by 10.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 216,241 shares of the company’s stock worth $1,479,000 after purchasing an additional 19,947 shares during the last quarter.

XAI Octagon Floating Rate & Alternative Income Trust Price Performance

XFLT stock traded up $0.03 during trading on Tuesday, reaching $6.58. 282,129 shares of the company traded hands, compared to its average volume of 685,783. The business has a 50 day simple moving average of $6.72 and a 200 day simple moving average of $6.85. XAI Octagon Floating Rate & Alternative Income Trust has a 12 month low of $6.29 and a 12 month high of $7.76.

XAI Octagon Floating Rate & Alternative Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, January 16th will be given a $0.077 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 14.05%. The ex-dividend date is Thursday, January 16th. XAI Octagon Floating Rate & Alternative Income Trust’s payout ratio is currently 114.94%.

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.