Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Trading Down 1.2%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO)’s share price traded down 1.2% during mid-day trading on Friday . The stock traded as low as $6.37 and last traded at $6.40. 233,123 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 335,021 shares. The stock had previously closed at $6.48.

Highland Funds I – Highland Opportunities and Income Fund Stock Down 1.2 %

The company has a 50 day simple moving average of $6.56 and a two-hundred day simple moving average of $7.10.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 24th will be given a $0.038 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.46 dividend on an annualized basis and a yield of 7.13%.

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

Institutional investors have recently bought and sold shares of the stock. Knightsbridge Asset Management LLC increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 2.8% in the third quarter. Knightsbridge Asset Management LLC now owns 49,074 shares of the company’s stock worth $395,000 after purchasing an additional 1,347 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 0.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 674,116 shares of the company’s stock valued at $5,184,000 after buying an additional 1,712 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 10.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 27,479 shares of the company’s stock valued at $211,000 after buying an additional 2,488 shares during the period. Janney Montgomery Scott LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 103,299 shares of the company’s stock valued at $726,000 after purchasing an additional 3,344 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 27.7% during the first quarter. Capital Investment Advisory Services LLC now owns 16,810 shares of the company’s stock valued at $118,000 after purchasing an additional 3,642 shares in 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.