Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Update

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 59,893 shares, a drop of 26.2% from the January 15th total of 81,116 shares. Based on an average daily volume of 100,566 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 100,566 shares, the short-interest ratio is presently 0.6 days.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of HFRO traded up $0.01 during mid-day trading on Friday, reaching $6.43. 153,016 shares of the company were exchanged, compared to its average volume of 137,314. The business has a 50 day simple moving average of $6.17 and a two-hundred day simple moving average of $6.22. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $4.24 and a 52 week high of $6.83.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a $0.0385 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Friday, February 20th.

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

Several large investors have recently added to or reduced their stakes in HFRO. Kestra Advisory Services LLC boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 59.0% in the fourth quarter. Kestra Advisory Services LLC now owns 34,177 shares of the company’s stock worth $204,000 after acquiring an additional 12,687 shares in the last quarter. Concorde Asset Management LLC grew its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 112.3% in the 4th quarter. Concorde Asset Management LLC now owns 139,460 shares of the company’s stock worth $834,000 after acquiring an additional 73,760 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 118.1% in the fourth quarter. Jane Street Group LLC now owns 117,452 shares of the company’s stock valued at $702,000 after purchasing an additional 63,597 shares during the last quarter. Marex Group plc lifted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 267.5% during the fourth quarter. Marex Group plc now owns 285,112 shares of the company’s stock valued at $1,705,000 after purchasing an additional 207,541 shares in the last quarter. Finally, Gilpin Wealth Management LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth about $544,000.

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.