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NYSE: XFLT
XAI Floating Rate & Alternative Income Trust (XFLT) stock, explained like you're 5
XAI Floating Rate & Alternative Income Trust trades on the New York Stock Exchange under the ticker XFLT. It is a small cap company in the investment managers industry, part of the financial services sector, with a market value of about 672 million dollars.
- Ticker
- XFLT
- Exchange
- New York Stock Exchange
- Sector
- Financial Services
- Industry
- Investment Managers
- Size
- Small cap, about 672 million dollars
Is XAI Floating Rate & Alternative Income Trust a small, medium or large cap company?
No. XAI Floating Rate & Alternative Income Trust is a small cap stock, not a large cap. Its market cap, which is the total value of all its shares, is about 672 million dollars.
Here is how you can tell. Multiply the share price by the number of shares to get the market cap, then compare it to the usual sizes. Micro cap is under 300 million dollars, small cap is 300 million to 2 billion, mid cap is 2 to 10 billion, large cap is 10 billion and up, and mega cap is over 200 billion. Market caps move every day with the share price, so treat the number as a recent snapshot.
How XAI Floating Rate & Alternative Income Trust makes money
- Interest earned on loans minus interest paid on deposits.
- Fees for payments, advice, trading and insurance.
- Investment returns on the money they manage.
What moves XFLT stock
- Interest rates and the health of the economy.
- How many borrowers fail to repay loans.
- Rules from regulators and market activity.
In the news lately
- XFLT: A 14% Yield And A Deep NAV Discount, But Is The Distribution Sustainable? (NYSE:XFLT) (Seeking Alpha)
- The 22.5 cent monthly payment is unchanged. XAI shareholders on Oct. 15 qualify. (Stock Titan)
- (XFLT) Risk Channels and Responsive Allocation (Stock Traders Daily)
- XFLT Proxy Vote: Octagon Leadership Is Not Aligned With Shareholders of XFLT (Yahoo Finance)
- XAI Floating Rate & Alternative Income Trust Announces Commencement of Tender Offer (GlobeNewswire)
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Questions about XAI Floating Rate & Alternative Income Trust stock
What does XAI Floating Rate & Alternative Income Trust do?
XAI Floating Rate & Alternative Income Trust trades on the New York Stock Exchange under the ticker XFLT. It is a small cap company in the investment managers industry, part of the financial services sector, with a market value of about 672 million dollars.
What is the ticker symbol for XAI Floating Rate & Alternative Income Trust?
XAI Floating Rate & Alternative Income Trust trades under the ticker XFLT on the New York Stock Exchange.
What is XAI Floating Rate & Alternative Income Trust's market cap?
XAI Floating Rate & Alternative Income Trust is a small cap stock with a market cap of about 672 million dollars.
How does XAI Floating Rate & Alternative Income Trust make money?
Interest earned on loans minus interest paid on deposits. Fees for payments, advice, trading and insurance. Investment returns on the money they manage.
What moves XFLT stock?
Interest rates and the health of the economy. How many borrowers fail to repay loans. Rules from regulators and market activity.
How can I follow XFLT stock every day?
Add XFLT to your watchlist on Metric Finance. We post a free brief every trading day at 5 PM ET that explains what happened to the stocks you follow, in simple words.
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Educational information, not financial advice. This guide explains the business in general terms and does not include live prices.