Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Stock Price Up 1%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) shares rose 1% on Wednesday . The stock traded as high as $6.06 and last traded at $6.04. Approximately 137,675 shares traded hands during trading, a decline of 56% from the average daily volume of 312,548 shares. The stock had previously closed at $5.98.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

The company’s 50-day moving average is $6.35 and its two-hundred day moving average is $6.74.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be given a dividend of $0.038 per share. The ex-dividend date is Friday, June 21st. This represents a $0.46 annualized dividend and a yield of 7.30%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BOKF NA increased its position in Highland Funds I – Highland Opportunities and Income Fund by 2.4% during the 1st quarter. BOKF NA now owns 209,437 shares of the company’s stock valued at $1,428,000 after purchasing an additional 4,809 shares during the period. Alpine Global Management LLC acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter valued at approximately $1,062,000. Prevail Innovative Wealth Advisors LLC increased its position in Highland Funds I – Highland Opportunities and Income Fund by 55.5% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 146,335 shares of the company’s stock valued at $1,029,000 after purchasing an additional 52,256 shares during the period. Oppenheimer & Co. Inc. increased its position in Highland Funds I – Highland Opportunities and Income Fund by 3.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 697,143 shares of the company’s stock valued at $4,901,000 after purchasing an additional 23,027 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its position in Highland Funds I – Highland Opportunities and Income Fund by 11.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 45,841 shares of the company’s stock valued at $322,000 after purchasing an additional 4,860 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.