Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Stock Short Interest Drops 72.8%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 11,216 shares, a drop of 72.8% from the October 15th total of 41,262 shares. Based on an average daily volume of 103,151 shares, the short-interest ratio is presently 0.1 days.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

NYSE:HFRO traded down $0.10 during mid-day trading on Friday, reaching $5.29. The company’s stock had a trading volume of 377,943 shares, compared to its average volume of 130,625. The firm’s fifty day moving average price is $6.53 and its two-hundred day moving average price is $6.59. Highland Funds I – Highland Opportunities and Income Fund has a 12-month low of $5.28 and a 12-month high of $7.74.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, November 23rd.

Institutional Trading of Highland Funds I – Highland Opportunities and Income Fund

Several large investors have recently added to or reduced their stakes in HFRO. Saba Capital Management L.P. increased its position in Highland Funds I – Highland Opportunities and Income Fund by 10.1% in the first quarter. Saba Capital Management L.P. now owns 5,147,237 shares of the company’s stock worth $29,391,000 after buying an additional 473,221 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 33.0% during the third quarter. Blue Bell Private Wealth Management LLC now owns 234,418 shares of the company’s stock valued at $1,561,000 after purchasing an additional 58,154 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 4.1% in the 2nd quarter. NewEdge Advisors LLC now owns 173,066 shares of the company’s stock worth $1,234,000 after purchasing an additional 6,748 shares during the period. Concorde Asset Management LLC grew its holdings in Highland Funds I – Highland Opportunities and Income Fund by 19.2% during the 1st quarter. Concorde Asset Management LLC now owns 166,190 shares of the company’s stock valued at $949,000 after purchasing an additional 26,730 shares during the last quarter. Finally, Aristides Capital LLC lifted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 3.4% during the first quarter. Aristides Capital LLC now owns 138,096 shares of the company’s stock worth $789,000 after purchasing an additional 4,600 shares during the last quarter.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Opportunities and Income Fund (NYSE: HFRO) is a closed-end investment fund designed to pursue total return through a combination of current income and capital appreciation. The fund invests in a flexible portfolio of income-producing and opportunistic assets rather than operating as a traditional business. Its portfolio may include corporate loans, bonds, structured credit investments, preferred securities, common stocks and other debt or equity instruments. The fund can invest across a range of industries and may allocate capital to both public and private-market opportunities, including investments issued by companies in the United States and other countries.