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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a large drop in short interest in 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 trading volume, of 221,200 shares, the short-interest ratio is currently 0.2 days.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of HFRO stock opened at $6.20 on Tuesday. The company’s 50 day moving average price is $6.34 and its two-hundred day moving average price is $6.69. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $5.92 and a 52 week high of $9.15.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 21st were issued a dividend of $0.038 per share. The ex-dividend date was Friday, June 21st. This represents a $0.46 annualized dividend and a yield of 7.35%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Knightsbridge Asset Management LLC raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 2.8% in the third quarter. Knightsbridge Asset Management LLC now owns 49,074 shares of the company’s stock valued at $395,000 after purchasing an additional 1,347 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 0.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 674,116 shares of the company’s stock valued at $5,184,000 after purchasing an additional 1,712 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 27,479 shares of the company’s stock valued at $211,000 after purchasing an additional 2,488 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 3.3% in the first quarter. Janney Montgomery Scott LLC now owns 103,299 shares of the company’s stock valued at $726,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 27.7% in the first 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 last quarter.

About Highland Funds I – Highland Opportunities and Income Fund

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.