Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Decreases By 27.3%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 151,900 shares, a decline of 27.3% from the January 15th total of 208,800 shares. Based on an average daily volume of 393,100 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter worth approximately $32,000. Trust Co. of Toledo NA OH purchased a new position in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter worth approximately $52,000. Tallon Kerry Patrick purchased a new position in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter worth approximately $64,000. Jackson Wealth Management LLC acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter valued at approximately $81,000. Finally, Summit Securities Group LLC acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at approximately $69,000.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 0.4 %

Shares of NYSE:HFRO traded up $0.03 during trading on Friday, reaching $5.80. 278,739 shares of the stock were exchanged, compared to its average volume of 304,928. Highland Funds I – Highland Opportunities and Income Fund has a 12-month low of $5.11 and a 12-month high of $7.05. The firm’s 50-day moving average price is $5.55 and its 200 day moving average price is $5.76.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.0385 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 7.97%. The ex-dividend date of this dividend is Friday, February 21st.

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.