Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Drops By 27.0%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 10,800 shares, a drop of 27.0% from the August 15th total of 14,800 shares. Based on an average daily trading volume, of 174,900 shares, the short-interest ratio is currently 0.1 days.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of HFRO traded down $0.03 during mid-day trading on Friday, hitting $8.39. 250,619 shares of the company’s stock were exchanged, compared to its average volume of 211,721. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $7.78 and a 52 week high of $11.74. The company has a 50-day simple moving average of $8.38 and a 200 day simple moving average of $8.70.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 22nd will be paid a $0.077 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.92 dividend on an annualized basis and a yield of 11.01%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 359.3% during the first quarter. IFP Advisors Inc now owns 3,004 shares of the company’s stock valued at $48,000 after buying an additional 2,350 shares during the period. Advisor Resource Council bought a new stake in Highland Funds I – Highland Opportunities and Income Fund in the first quarter worth $104,000. Bank of America Corp DE boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 11.8% in the fourth quarter. Bank of America Corp DE now owns 10,652 shares of the company’s stock worth $110,000 after acquiring an additional 1,121 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the third quarter valued at $122,000. Finally, Channel Wealth LLC bought a new position in Highland Funds I – Highland Opportunities and Income Fund in the first quarter valued at about $125,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.