XFLT Stock Summary and Trading Ideas (Xai Octagon Fr & Alt | NYSE:XFLT)

XAI Octagon FR & Alt Income Term Trust is a diversified, closed-end management investment company. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.

Xai Octagon Fr & Alt trades on the NYSE stock market under the symbol XFLT.

As of April 24, 2024, XFLT stock price declined to $6.98 with 339,409 million shares trading.

XFLT has a beta of 0.16, meaning it tends to be less sensitive to market movements. XFLT has a correlation of 0.02 to the broad based SPY ETF.

XFLT has a market cap of $89.07 million. This is considered a Micro Cap stock.

In the last 3 years, XFLT stock traded as high as $9.85 and as low as $5.90.

XFLT has outperformed the market in the last year with a price return of +26.6% while the SPY ETF gained +24.2%. However, in the short term, XFLT had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.6% vs +4.6% return in SPY. But in the last 2 weeks, XFLT shares have fared better than the market returning -0.9% compared to SPY -2.7%.

XFLT support price is $6.95 and resistance is $7.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XFLT stock will trade within this expected range on the day.