Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Declines By 33.4%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 43,149 shares, a decrease of 33.4% from the February 12th total of 64,836 shares. Based on an average daily volume of 120,989 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 120,989 shares, the short-interest ratio is currently 0.4 days.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of HFRO traded down $0.10 during mid-day trading on Friday, hitting $5.80. 112,095 shares of the company traded hands, compared to its average volume of 122,053. The business has a 50-day moving average of $6.20 and a 200 day moving average of $6.26. Highland Funds I – Highland Opportunities and Income Fund has a one year low of $4.24 and a one year high of $6.83.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a $0.0385 dividend. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Tuesday, March 24th.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Kingsview Wealth Management LLC increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 8.6% in the second quarter. Kingsview Wealth Management LLC now owns 29,091 shares of the company’s stock valued at $151,000 after purchasing an additional 2,300 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 0.8% during the second quarter. Osaic Holdings Inc. now owns 307,417 shares of the company’s stock worth $1,599,000 after buying an additional 2,393 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 3.5% during the second quarter. NewEdge Advisors LLC now owns 121,872 shares of the company’s stock worth $634,000 after buying an additional 4,139 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter worth about $31,000. Finally, Cetera Investment Advisers grew its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 70,716 shares of the company’s stock worth $368,000 after buying an additional 5,424 shares during the period.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund (NYSE: HFRO) is a diversified, closed-end management investment company designed to seek total return with an emphasis on current income. The fund pursues its objective by investing primarily in a broad range of credit instruments, including senior secured loans, high-yield corporate bonds, distressed debt and other special situation opportunities. In addition to its credit allocations, HFRO may also invest in equity securities, convertible instruments and derivative instruments to hedge risk or enhance yield.

Since commencing operations in 2006, Highland Opportunities and Income Fund has employed an opportunistic, value-oriented strategy to capitalize on market dislocations and mispriced assets.