Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Stock Price Up 1%

Shares of Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) rose 1% during trading on Wednesday . The stock traded as high as $6.06 and last traded at $6.04. Approximately 137,675 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 312,548 shares. The stock had previously closed at $5.98.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

The stock’s 50 day moving average price is $6.35 and its two-hundred day moving average price is $6.74.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 21st will be paid a $0.038 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.30%. The ex-dividend date of this dividend is Friday, June 21st.

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

Several large investors have recently bought and sold shares of HFRO. Baker Avenue Asset Management LP acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the 3rd quarter valued at $30,000. Principal Securities Inc. acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter valued at $32,000. Inscription Capital LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter valued at $80,000. Nomura Holdings Inc. acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter valued at $84,000. Finally, Capital Investment Advisory Services LLC raised its stake in shares of 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 buying an additional 3,642 shares in the last quarter.

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.