XAI Octagon Floating Rate & Alternative Income Term Trust is a newly-organized, diversified, closed-end management investment company. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. As of Sept 30 2017, the Trust had total assets of $71,158,579. We show 2 historical shares outstanding datapoints in our XFLT shares outstanding history coverage, used to compute XFLT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing XFLT market cap history over the course of time is important for investors
interested in comparing XFLT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of XFLT versus a peer is one thing; comparing
XFLT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like XFLT can fluctuate over the course of history.
With this page we aim to empower investors researching XFLT by allowing them to research the XFLT market cap history. |
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Video: The Importance of Market Cap
