Is Buying Xai Octagon Floating Rate & Alternative Income Ter (NYSE:XFLT), Having Higher Short Interest a Winning Strategy?

June 15, 2018 - By Nellie Frank

The stock of Xai Octagon Floating Rate & Alternative Income Ter (NYSE:XFLT) registered an increase of 10500% in short interest. XFLT’s total short interest was 10,600 shares in June as published by FINRA. Its up 10500% from 100 shares, reported previously. With 53,500 shares average volume, it will take short sellers 0 days to cover their XFLT’s short positions.

The stock decreased 0.16% or $0.02 during the last trading session, reaching $9.18. About 3,201 shares traded. XAI Octagon Floating Rate & Alternative Income Term Trust (NYSE:XFLT) has 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

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