Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Drops By 19.6%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 54,500 shares, a decrease of 19.6% from the May 31st total of 67,800 shares. Based on an average daily trading volume, of 221,200 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds have recently bought and sold shares of the company. Baker Avenue Asset Management LP acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter valued at about $30,000. Principal Securities Inc. acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at about $32,000. Inscription Capital LLC acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 1st quarter valued at about $80,000. Nomura Holdings Inc. acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at about $84,000. Finally, Capital Investment Advisory Services LLC lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 27.7% in the 1st quarter. Capital Investment Advisory Services LLC now owns 16,810 shares of the company’s stock valued at $118,000 after purchasing an additional 3,642 shares during the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Highland Funds I – Highland Opportunities and Income Fund stock opened at $6.20 on Tuesday. The firm has a 50-day moving average of $6.34 and a 200-day moving average of $6.69. Highland Funds I – Highland Opportunities and Income Fund has a one year low of $5.92 and a one year high of $9.15.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 21st were paid a dividend of $0.038 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.35%.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.