Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Down 34.3% in December

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 28,600 shares, a decline of 34.3% from the November 30th total of 43,500 shares. Based on an average daily trading volume, of 315,000 shares, the short-interest ratio is currently 0.1 days.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 2.3 %

Shares of Highland Funds I – Highland Opportunities and Income Fund stock opened at $5.16 on Monday. The firm has a 50-day simple moving average of $5.57 and a two-hundred day simple moving average of $5.90. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $5.16 and a fifty-two week high of $7.98.

Highland Funds I – Highland Opportunities and Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be issued a $0.0385 dividend. This is a boost from Highland Funds I – Highland Opportunities and Income Fund’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, December 24th. This represents a $0.46 dividend on an annualized basis and a yield of 8.95%.

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

A number of hedge funds have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC increased its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 78.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,194 shares of the company’s stock valued at $26,000 after buying an additional 1,850 shares in the last quarter. Creative Planning grew its stake in Highland Funds I – Highland Opportunities and Income Fund by 3.8% in the 2nd quarter. Creative Planning now owns 76,910 shares of the company’s stock valued at $481,000 after acquiring an additional 2,793 shares during the period. Legacy Investment Solutions LLC purchased a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter worth $32,000. Asset Dedication LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the second quarter worth $37,000. Finally, Jackson Wealth Management LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund during the third quarter valued at $81,000.

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.