Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Down 20.2% in March

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 170,200 shares, a drop of 20.2% from the February 28th total of 213,300 shares. Based on an average trading volume of 356,000 shares, the short-interest ratio is currently 0.5 days.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 2.0 %

Shares of HFRO stock traded down $0.11 during trading hours on Tuesday, hitting $5.10. 265,967 shares of the company’s stock were exchanged, compared to its average volume of 282,863. Highland Funds I – Highland Opportunities and Income Fund has a 12-month low of $4.88 and a 12-month high of $6.92. The business’s 50 day simple moving average is $5.54 and its 200-day simple moving average is $5.65.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 24th were given a dividend of $0.0385 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $0.46 annualized dividend and a yield of 9.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HFRO. Legacy Investment Solutions LLC bought a new position in Highland Funds I – Highland Opportunities and Income Fund during the 3rd quarter worth approximately $32,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter valued at approximately $52,000. Tallon Kerry Patrick bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth approximately $64,000. Citadel Advisors LLC bought a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth approximately $69,000. Finally, Summit Securities Group LLC purchased a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth $69,000.

About Highland Funds I – Highland Opportunities and Income Fund

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.