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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 170,200 shares, a decrease of 20.2% from the February 28th total of 213,300 shares. Based on an average daily volume of 356,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Highland Funds I – Highland Opportunities and Income Fund

Large investors have recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in Highland Funds I – Highland Opportunities and Income Fund in the third quarter worth approximately $32,000. Trust Co. of Toledo NA OH purchased a new stake in Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth about $52,000. Tallon Kerry Patrick purchased a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter worth approximately $64,000. Summit Securities Group LLC bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter valued at approximately $69,000. Finally, Citadel Advisors LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter valued at approximately $69,000.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of Highland Funds I – Highland Opportunities and Income Fund stock traded down $0.04 during trading on Wednesday, hitting $5.14. The stock had a trading volume of 236,175 shares, compared to its average volume of 283,158. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $4.88 and a 12 month high of $6.92. The firm’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $5.63.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.0385 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Wednesday, April 23rd.

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.