Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Shares Shorted: Short Interest Up 149.4% in September

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 13,436 shares, a growth of 149.4% from the August 31st total of 5,388 shares. Based on an average daily trading volume, of 91,484 shares, the short-interest ratio is currently 0.1 days.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Highland Funds I – Highland Opportunities and Income Fund stock traded down $0.15 during mid-day trading on Monday, hitting $6.64. 157,693 shares of the company’s stock were exchanged, compared to its average volume of 131,623. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $5.47 and a fifty-two week high of $7.74. The company’s 50 day simple moving average is $7.25 and its 200-day simple moving average is $6.74.

Highland Funds I – Highland Opportunities and Income Fund announced that its board has approved a share buyback program on Tuesday, June 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.0385 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 7.0%.

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

Several institutional investors and hedge funds have recently modified their holdings of HFRO. IFP Advisors Inc acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter worth approximately $31,000. Fifth Third Bancorp acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the first quarter valued at approximately $35,000. Integrated Wealth Concepts LLC bought a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the second quarter worth $49,000. K2 Principal Fund L.P. bought a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth $60,000. Finally, Post Resch Tallon Group Inc. acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the second quarter worth $75,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol HFRO. Rather than operating a commercial business, the fund seeks to provide investors with current income and the potential for capital appreciation through a managed portfolio of investments.

The fund invests in a range of debt and equity securities, including corporate credit, structured investments and other income-producing or opportunistic assets.