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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 29,945 shares, a growth of 122.9% from the September 15th total of 13,436 shares. Based on an average daily volume of 85,053 shares, the short-interest ratio is currently 0.4 days.

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

Large investors have recently modified their holdings of the company. Gratia Capital LLC bought a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 2nd quarter worth approximately $889,000. Integrated Wealth Concepts LLC purchased a new stake in Highland Funds I – Highland Opportunities and Income Fund in the second quarter worth approximately $49,000. NewEdge Advisors LLC grew its position in Highland Funds I – Highland Opportunities and Income Fund by 4.1% during the second quarter. NewEdge Advisors LLC now owns 173,066 shares of the company’s stock valued at $1,234,000 after acquiring an additional 6,748 shares during the last quarter. Post Resch Tallon Group Inc. bought a new position in Highland Funds I – Highland Opportunities and Income Fund during the second quarter valued at approximately $75,000. Finally, Concorde Asset Management LLC grew its position in Highland Funds I – Highland Opportunities and Income Fund by 19.2% during the first quarter. Concorde Asset Management LLC now owns 166,190 shares of the company’s stock valued at $949,000 after acquiring an additional 26,730 shares during the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 1.3%

HFRO stock traded down $0.08 during mid-day trading on Wednesday, hitting $6.30. 162,574 shares of the stock were exchanged, compared to its average volume of 129,313. The business has a fifty day moving average price of $7.05 and a 200 day moving average price of $6.81. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $5.47 and a 12 month high of $7.74.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0385 per share. The ex-dividend date is Friday, October 23rd. This represents a $0.46 annualized dividend and a dividend yield of 7.3%.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the ticker symbol HFRO. Unlike an operating corporation, the fund does not sell products or services; it invests shareholder capital in a portfolio of income-producing and opportunistic assets.

The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. Its portfolio may include loans, debt securities, equity investments and other credit- and opportunity-oriented investments, including investments in privately placed or less liquid securities.