Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Down 50.4% in May

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 5,694 shares, a decline of 50.4% from the April 30th total of 11,473 shares. Based on an average daily trading volume, of 129,898 shares, the short-interest ratio is presently 0.0 days.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE:HFRO traded up $0.17 during mid-day trading on Monday, reaching $6.65. The stock had a trading volume of 175,258 shares, compared to its average volume of 124,915. The firm has a 50 day simple moving average of $6.03 and a two-hundred day simple moving average of $6.10. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.03 and a twelve month high of $6.83.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 22nd were given a $0.0385 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Friday, May 22nd.

Insider Buying and Selling at Highland Funds I – Highland Opportunities and Income Fund

In other Highland Funds I – Highland Opportunities and Income Fund news, major shareholder Saba Capital Management, L.P. purchased 31,928 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was acquired at an average cost of $6.55 per share, with a total value of $209,128.40. Following the completion of the purchase, the insider directly owned 5,715,533 shares in the company, valued at approximately $37,436,741.15. This represents a 0.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 157,323 shares of company stock worth $992,151 over the last ninety days.

Institutional Trading of Highland Funds I – Highland Opportunities and Income Fund

A number of hedge funds have recently modified their holdings of the company. Saba Capital Management L.P. raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 10.1% in the 1st quarter. Saba Capital Management L.P. now owns 5,147,237 shares of the company’s stock valued at $29,391,000 after acquiring an additional 473,221 shares during the period. Nexpoint Asset Management L.P. increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 30.3% during the 4th quarter. Nexpoint Asset Management L.P. now owns 3,673,047 shares of the company’s stock worth $21,965,000 after purchasing an additional 855,000 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,822,324 shares of the company’s stock worth $11,572,000 after purchasing an additional 95,314 shares in the last quarter. Invesco Ltd. increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 2.8% during the 4th quarter. Invesco Ltd. now owns 1,367,754 shares of the company’s stock worth $8,179,000 after purchasing an additional 37,035 shares in the last quarter. Finally, Marex Group plc increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 267.5% during the 4th quarter. Marex Group plc now owns 285,112 shares of the company’s stock worth $1,705,000 after purchasing an additional 207,541 shares in the last quarter.

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.