Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Drops By 88.3%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,700 shares, a decrease of 88.3% from the October 15th total of 23,100 shares. Based on an average daily trading volume, of 199,000 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its stake in Highland Funds I – Highland Opportunities and Income Fund by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 103,299 shares of the company’s stock worth $726,000 after purchasing an additional 3,344 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 11.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 45,841 shares of the company’s stock valued at $322,000 after purchasing an additional 4,860 shares during the period. Prevail Innovative Wealth Advisors LLC grew its position in Highland Funds I – Highland Opportunities and Income Fund by 55.5% during the first quarter. Prevail Innovative Wealth Advisors LLC now owns 146,335 shares of the company’s stock worth $1,029,000 after buying an additional 52,256 shares in the last quarter. Alpine Global Management LLC bought a new stake in Highland Funds I – Highland Opportunities and Income Fund during the first quarter worth about $1,062,000. Finally, BOKF NA boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 2.4% during the first quarter. BOKF NA now owns 209,437 shares of the company’s stock valued at $1,428,000 after buying an additional 4,809 shares during the period.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 1.1 %

Highland Funds I – Highland Opportunities and Income Fund stock traded down $0.06 during midday trading on Tuesday, reaching $5.48. 272,566 shares of the company’s stock were exchanged, compared to its average volume of 278,618. The stock’s 50-day simple moving average is $5.96 and its 200 day simple moving average is $6.11. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $5.44 and a 52 week high of $8.93.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend is Friday, November 22nd.

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.