Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) to Issue Monthly Dividend of $0.08

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.077 per share on Thursday, November 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date is Tuesday, November 21st.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

HFRO stock opened at $8.43 on Monday. The business has a 50 day moving average price of $7.80 and a 200 day moving average price of $8.33. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $6.89 and a fifty-two week high of $11.74.

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

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Highland Funds I – Highland Opportunities and Income Fund by 11.8% during the 4th 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. MML Investors Services LLC grew its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 9.1% during the second quarter. MML Investors Services LLC now owns 15,820 shares of the company’s stock worth $143,000 after purchasing an additional 1,323 shares during the last quarter. UBS Group AG increased its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 1.7% during the first quarter. UBS Group AG now owns 143,614 shares of the company’s stock worth $1,262,000 after purchasing an additional 2,414 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 0.8% in the 2nd quarter. Osaic Holdings Inc. now owns 322,277 shares of the company’s stock valued at $2,910,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 6.7% in the 4th quarter. Cetera Advisor Networks LLC now owns 55,731 shares of the company’s stock valued at $574,000 after purchasing an additional 3,513 shares during the period.

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.