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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 168,100 shares, a growth of 487.8% from the March 31st total of 28,600 shares. Based on an average daily volume of 309,200 shares, the days-to-cover ratio is presently 0.5 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of HFRO. Raymond James & Associates boosted its stake in Highland Funds I – Highland Opportunities and Income Fund by 144.3% in the first quarter. Raymond James & Associates now owns 2,577,788 shares of the company’s stock valued at $18,122,000 after acquiring an additional 1,522,660 shares in the last quarter. LPL Financial LLC increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 0.7% in the third quarter. LPL Financial LLC now owns 1,488,573 shares of the company’s stock valued at $11,968,000 after purchasing an additional 10,030 shares during the period. Envestnet Asset Management Inc. increased its position in Highland Funds I – Highland Opportunities and Income Fund by 1.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 960,905 shares of the company’s stock valued at $7,726,000 after acquiring an additional 9,377 shares during the period. Penserra Capital Management LLC increased its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 11.9% in the third quarter. Penserra Capital Management LLC now owns 916,208 shares of the company’s stock valued at $7,366,000 after purchasing an additional 97,440 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in Highland Funds I – Highland Opportunities and Income Fund by 32.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 828,772 shares of the company’s stock worth $5,826,000 after buying an additional 203,867 shares during the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Highland Funds I – Highland Opportunities and Income Fund stock traded down $0.09 during mid-day trading on Thursday, hitting $6.39. The company had a trading volume of 165,980 shares, compared to its average volume of 366,936. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $5.92 and a 1 year high of $9.38. The business has a fifty day moving average of $6.50 and a 200 day moving average of $7.23.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a $0.038 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Monday, April 22nd.

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.