Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Down 34.3% in December

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 28,600 shares, a decrease of 34.3% from the November 30th total of 43,500 shares. Based on an average daily volume of 315,000 shares, the short-interest ratio is currently 0.1 days.

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

Several large investors have recently made changes to their positions in HFRO. Blue Bell Private Wealth Management LLC lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 78.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 4,194 shares of the company’s stock valued at $26,000 after purchasing an additional 1,850 shares during the period. Creative Planning boosted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 3.8% in the second quarter. Creative Planning now owns 76,910 shares of the company’s stock worth $481,000 after buying an additional 2,793 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the third quarter worth about $32,000. Asset Dedication LLC acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the second quarter worth about $37,000. Finally, Jackson Wealth Management LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund during the third quarter valued at approximately $81,000.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE:HFRO opened at $5.16 on Monday. The business has a 50-day moving average price of $5.57 and a 200-day moving average price of $5.90. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.16 and a 52-week high of $7.98.

Highland Funds I – Highland Opportunities and Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th will be paid a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a yield of 8.95%. This is a boost from Highland Funds I – Highland Opportunities and Income Fund’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Tuesday, December 24th.

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.