Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) to Issue Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Thursday, October 1st. Investors of record on Friday, October 23rd will be given a dividend of $0.0385 per share on Friday, October 30th. This represents a $0.46 annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, October 23rd.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of NYSE HFRO opened at $6.72 on Friday. The business’s 50 day moving average is $7.19 and its two-hundred day moving average is $6.76. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.47 and a 52-week high of $7.74.

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

Several hedge funds have recently made changes to their positions in HFRO. Arlington Capital Management Inc. lifted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 2.1% during the 1st quarter. Arlington Capital Management Inc. now owns 154,306 shares of the company’s stock valued at $881,000 after acquiring an additional 3,101 shares during the period. Aristides Capital LLC grew its holdings in Highland Funds I – Highland Opportunities and Income Fund by 3.4% in the first quarter. Aristides Capital LLC now owns 138,096 shares of the company’s stock valued at $789,000 after purchasing an additional 4,600 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter worth $35,000. NewEdge Advisors LLC grew its stake in Highland Funds I – Highland Opportunities and Income Fund by 4.1% in the 2nd quarter. NewEdge Advisors LLC now owns 173,066 shares of the company’s stock valued at $1,234,000 after acquiring an additional 6,748 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the second quarter worth about $49,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol HFRO. Rather than operating a commercial business, the fund seeks to provide investors with current income and the potential for capital appreciation through a managed portfolio of investments.

The fund invests in a range of debt and equity securities, including corporate credit, structured investments and other income-producing or opportunistic assets.