
Oxford Lane Capital's OXLC.O shares rise 4.6% to $4.56
Investment company late Thursday announced program to repurchase up to $150 million worth of its stock in the open market
Share repurchase program expected to be in place until March 2026
OXLC, which invests mainly in debt and equity of collateralized loan obligation (CLO) vehicles, has over $300 million of cash on its balance sheet
CLO are securities backed by a pool of loans
OXLC stock down 10% YTD