Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Sees Significant Increase in Short Interest

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 29,945 shares, an increase of 122.9% from the September 15th total of 13,436 shares. Based on an average trading volume of 85,053 shares, the short-interest ratio is currently 0.4 days.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

HFRO stock opened at $6.55 on Tuesday. The company has a 50-day moving average of $7.09 and a two-hundred day moving average of $6.80. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.47 and a 52-week high of $7.74.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.0385 per share. The ex-dividend date is Friday, October 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.1%.

Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of HFRO. Fifth Third Bancorp acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter valued at $35,000. Integrated Wealth Concepts LLC acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 2nd quarter worth $49,000. Post Resch Tallon Group Inc. bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 2nd quarter worth about $75,000. Independent Financial Group LLC acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the first quarter valued at about $158,000. Finally, Abel Hall LLC raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 50.0% during the first quarter. Abel Hall LLC now owns 30,000 shares of the company’s stock valued at $171,000 after buying an additional 10,000 shares during the last quarter.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the ticker symbol HFRO. Unlike an operating corporation, the fund does not sell products or services; it invests shareholder capital in a portfolio of income-producing and opportunistic assets.

The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. Its portfolio may include loans, debt securities, equity investments and other credit- and opportunity-oriented investments, including investments in privately placed or less liquid securities.