Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Drops By 19.6%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 54,500 shares, a drop of 19.6% from the May 31st total of 67,800 shares. Based on an average daily volume of 221,200 shares, the short-interest ratio is currently 0.2 days.

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

Several large investors have recently added to or reduced their stakes in HFRO. Baker Avenue Asset Management LP acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter valued at approximately $30,000. Principal Securities Inc. acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at approximately $32,000. Inscription Capital LLC acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter valued at $80,000. Nomura Holdings Inc. acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter valued at $84,000. Finally, Capital Investment Advisory Services LLC increased its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 27.7% during the 1st quarter. Capital Investment Advisory Services LLC now owns 16,810 shares of the company’s stock valued at $118,000 after purchasing an additional 3,642 shares during the period.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

HFRO opened at $6.20 on Tuesday. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $5.92 and a 12 month high of $9.15. The stock’s 50 day moving average price is $6.34 and its 200 day moving average price is $6.69.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 21st were given a $0.038 dividend. This represents a $0.46 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend was Friday, June 21st.

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.