Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Shares Down 0.2% – Should You Sell?

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO)’s share price was down 0.2% on Monday . The company traded as low as $5.87 and last traded at $5.94. Approximately 67,627 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 126,389 shares. The stock had previously closed at $5.95.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

The firm’s 50 day simple moving average is $6.21 and its 200-day simple moving average is $6.27.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a dividend of $0.0385 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Tuesday, March 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter worth approximately $31,000. Summit Securities Group LLC bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter valued at $34,000. Advisory Services Network LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the third quarter worth $52,000. K2 Principal Fund L.P. acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth $60,000. Finally, Bank of America Corp DE bought a new stake in Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth $100,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund (NYSE: HFRO) is a diversified, closed-end management investment company designed to seek total return with an emphasis on current income. The fund pursues its objective by investing primarily in a broad range of credit instruments, including senior secured loans, high-yield corporate bonds, distressed debt and other special situation opportunities. In addition to its credit allocations, HFRO may also invest in equity securities, convertible instruments and derivative instruments to hedge risk or enhance yield.

Since commencing operations in 2006, Highland Opportunities and Income Fund has employed an opportunistic, value-oriented strategy to capitalize on market dislocations and mispriced assets.