Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Update

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 35,100 shares, an increase of 1,200.0% from the October 31st total of 2,700 shares. Based on an average trading volume of 260,800 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HFRO. Legacy Investment Solutions LLC purchased a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the 3rd quarter worth approximately $32,000. Concorde Asset Management LLC grew its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 37.7% in the 3rd quarter. Concorde Asset Management LLC now owns 58,300 shares of the company’s stock worth $357,000 after buying an additional 15,950 shares in the last quarter. Landscape Capital Management L.L.C. raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 47.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,351,451 shares of the company’s stock valued at $8,284,000 after buying an additional 435,572 shares in the last quarter. Arlington Capital Management Inc. raised its position in Highland Funds I – Highland Opportunities and Income Fund by 20.7% during the third quarter. Arlington Capital Management Inc. now owns 83,054 shares of the company’s stock valued at $509,000 after purchasing an additional 14,257 shares during the period. Finally, Jackson Wealth Management LLC bought a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter valued at approximately $81,000.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 1.2 %

HFRO opened at $5.88 on Friday. The company has a fifty day moving average of $5.81 and a 200 day moving average of $6.03. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $5.16 and a fifty-two week high of $8.93.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 22nd will be issued a $0.038 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.46 annualized dividend and a dividend yield of 7.76%.

About Highland Funds I – Highland Opportunities and Income Fund

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.