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) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 28,600 shares, a decrease of 34.3% from the November 30th total of 43,500 shares. Based on an average daily trading volume, of 315,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Hedge funds have recently modified their holdings of the business. Landscape Capital Management L.L.C. increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 47.6% during the third quarter. Landscape Capital Management L.L.C. now owns 1,351,451 shares of the company’s stock valued at $8,284,000 after buying an additional 435,572 shares during the period. Arlington Capital Management Inc. increased its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 20.7% in the 3rd quarter. Arlington Capital Management Inc. now owns 83,054 shares of the company’s stock valued at $509,000 after acquiring an additional 14,257 shares during the period. Raymond James & Associates raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 14.7% in the 3rd quarter. Raymond James & Associates now owns 3,691,545 shares of the company’s stock worth $22,629,000 after acquiring an additional 473,237 shares in the last quarter. Jackson Wealth Management LLC bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter worth $81,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the 2nd quarter worth $232,000.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of Highland Funds I – Highland Opportunities and Income Fund stock opened at $5.16 on Monday. The stock’s fifty day moving average price is $5.57 and its 200-day moving average price is $5.90. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $5.16 and a 12 month high of $7.98.

Highland Funds I – Highland Opportunities and Income Fund Increases Dividend

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

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.