Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Up 487.8% in April

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 168,100 shares, an increase of 487.8% from the March 31st total of 28,600 shares. Based on an average daily volume of 309,200 shares, the short-interest ratio is currently 0.5 days.

Highland Funds I – Highland Opportunities and Income Fund Stock Down 1.4 %

HFRO stock traded down $0.09 during trading on Thursday, reaching $6.39. The company had a trading volume of 165,980 shares, compared to its average volume of 366,936. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.92 and a twelve month high of $9.38. The firm has a 50-day simple moving average of $6.50 and a 200-day simple moving average of $7.23.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a $0.038 dividend. This represents a $0.46 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Monday, April 22nd.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HFRO. Raymond James & Associates increased its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 144.3% during the 1st quarter. Raymond James & Associates now owns 2,577,788 shares of the company’s stock valued at $18,122,000 after purchasing an additional 1,522,660 shares in the last quarter. LPL Financial LLC increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 0.7% in the third quarter. LPL Financial LLC now owns 1,488,573 shares of the company’s stock valued at $11,968,000 after buying an additional 10,030 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 1.0% in the third quarter. Envestnet Asset Management Inc. now owns 960,905 shares of the company’s stock worth $7,726,000 after acquiring an additional 9,377 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 11.9% during the 3rd quarter. Penserra Capital Management LLC now owns 916,208 shares of the company’s stock worth $7,366,000 after acquiring an additional 97,440 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 32.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 828,772 shares of the company’s stock valued at $5,826,000 after acquiring an additional 203,867 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.