Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Stock Price Down 2.3% – What’s Next?

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was down 2.3% during trading on Tuesday . The company traded as low as $5.14 and last traded at $5.17. Approximately 454,268 shares changed hands during trading, an increase of 62% from the average daily volume of 280,440 shares. The stock had previously closed at $5.29.

Highland Funds I – Highland Opportunities and Income Fund Stock Down 3.8 %

The stock has a 50 day moving average of $5.58 and a two-hundred day moving average of $5.67.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a dividend yield of 9.36%. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HFRO. Tallon Kerry Patrick bought a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter valued at approximately $64,000. AEGON USA Investment Management LLC raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 20.5% during the fourth quarter. AEGON USA Investment Management LLC now owns 196,615 shares of the company’s stock valued at $1,020,000 after buying an additional 33,494 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Highland Funds I – Highland Opportunities and Income Fund by 38.0% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,164 shares of the company’s stock valued at $94,000 after acquiring an additional 5,000 shares in the last quarter. Choreo LLC grew its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 17.9% during the 4th quarter. Choreo LLC now owns 442,552 shares of the company’s stock worth $2,299,000 after purchasing an additional 67,168 shares in the last quarter. Finally, Calamos Advisors LLC increased its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 23.8% during the fourth quarter. Calamos Advisors LLC now owns 53,743 shares of the company’s stock valued at $279,000 after purchasing an additional 10,335 shares during the period.

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.