Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Update

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 56,900 shares, a growth of 183.1% from the August 31st total of 20,100 shares. Based on an average trading volume of 242,200 shares, the days-to-cover ratio is presently 0.2 days.

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

A number of hedge funds have recently added to or reduced their stakes in HFRO. Raymond James & Associates lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 24.8% in the second quarter. Raymond James & Associates now owns 3,218,308 shares of the company’s stock valued at $20,114,000 after acquiring an additional 640,520 shares during the last quarter. Choreo LLC bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter valued at $2,303,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 32.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 828,772 shares of the company’s stock valued at $5,826,000 after purchasing an additional 203,867 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,833,490 shares of the company’s stock worth $11,459,000 after purchasing an additional 181,784 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the first quarter worth $1,062,000.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

HFRO opened at $6.13 on Friday. The stock has a fifty day moving average price of $6.05 and a 200 day moving average price of $6.28. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $5.71 and a 1 year high of $8.93.

Highland Funds I – Highland Opportunities and Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a dividend yield of 7.54%. This is a positive change from Highland Funds I – Highland Opportunities and Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Monday, September 23rd.

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.