What’s Xai Octagon Floating Rate & Alternative Income Ter (NYSE:XFLT) Upside After This Short Interest Decrease?

The stock of Xai Octagon Floating Rate & Alternative Income Ter (NYSE:XFLT) registered a decrease of 45.52% in short interest. XFLT’s total short interest was 7,300 shares in July as published by FINRA. Its down 45.52% from 13,400 shares, reported previously. With 12,500 shares average volume, it will take short sellers 1 days to cover their XFLT’s short positions.

The stock decreased 0.11% or $0.01 during the last trading session, reaching $9.39. About 79,492 shares traded or 25.52% up from the average. XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) has declined 0.82% since July 14, 2018 and is downtrending. It has underperformed by 5.25% the S&P500.

More notable recent XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) news were published by: Seekingalpha.com which released: “Weekly Closed-End Fund Roundup: NHF Completes Rights Offering, Nuveen Muni Mergers – Seeking Alpha” on June 11, 2019, also Seekingalpha.com with their article: “Why Floaters Look Attractive Despite Lowered Rate Expectations – Seeking Alpha” published on January 16, 2019, Seekingalpha.com published: “Weekly Review: Senior Loan CEFs – This Blackrock Fund Seems Statistically Undervalued – Seeking Alpha” on October 03, 2018. More interesting news about XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) were released by: Seekingalpha.com and their article: “A Time To Short Senior Loans, Nuveen Credit Strategies Income Fund – Seeking Alpha” published on January 04, 2019 as well as Seekingalpha.com‘s news article titled: “Weekly Closed-End Fund Roundup: EIM Tender Completed – Seeking Alpha” with publication date: June 03, 2019.

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