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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 81,116 shares, a growth of 1,728.6% from the December 31st total of 4,436 shares. Based on an average daily volume of 177,345 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 177,345 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 8.6% during the second quarter. Kingsview Wealth Management LLC now owns 29,091 shares of the company’s stock worth $151,000 after purchasing an additional 2,300 shares during the last quarter. Osaic Holdings Inc. raised its stake 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 increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 3.5% in the second quarter. NewEdge Advisors LLC now owns 121,872 shares of the company’s stock worth $634,000 after purchasing an additional 4,139 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 8.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 66,964 shares of the company’s stock valued at $348,000 after purchasing an additional 5,112 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the second quarter valued at approximately $27,000.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

NYSE:HFRO remained flat at $6.24 during mid-day trading on Tuesday. The company’s stock had a trading volume of 103,861 shares, compared to its average volume of 143,998. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $4.24 and a 1 year high of $6.83. The company has a fifty day moving average price of $6.11 and a two-hundred day moving average price of $6.13.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be issued a $0.0385 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, January 23rd.

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.