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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 170,200 shares, a decline of 20.2% from the February 28th total of 213,300 shares. Based on an average trading volume of 356,000 shares, the short-interest ratio is currently 0.5 days.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 0.1 %

Shares of NYSE:HFRO opened at $4.94 on Monday. The firm’s 50-day simple moving average is $5.55 and its 200-day simple moving average is $5.65. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $4.92 and a fifty-two week high of $6.92.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a dividend of $0.0385 per share. The ex-dividend date is Monday, March 24th. This represents a $0.46 annualized dividend and a yield of 9.36%.

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

Hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth $69,000. CF Capital LLC acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter valued at about $2,854,000. Baird Financial Group Inc. raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 11.3% in the 4th quarter. Baird Financial Group Inc. now owns 114,187 shares of the company’s stock valued at $593,000 after purchasing an additional 11,601 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth approximately $100,000. Finally, Jane Street Group LLC increased its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 444.3% in the fourth quarter. Jane Street Group LLC now owns 83,134 shares of the company’s stock worth $431,000 after buying an additional 67,861 shares during the last quarter.

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.