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

by · The Cerbat Gem

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,388 shares, a decrease of 67.7% from the August 15th total of 16,702 shares. Based on an average daily volume of 115,325 shares, the short-interest ratio is presently 0.0 days.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 0.5%

Highland Funds I – Highland Opportunities and Income Fund stock traded down $0.04 during midday trading on Friday, hitting $7.39. 88,003 shares of the company’s stock were exchanged, compared to its average volume of 134,948. Highland Funds I – Highland Opportunities and Income Fund has a 12-month low of $5.47 and a 12-month high of $7.74. The firm’s 50 day simple moving average is $7.35 and its 200 day simple moving average is $6.67.

Highland Funds I – Highland Opportunities and Income Fund declared that its board has initiated a share buyback program on Tuesday, June 9th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.0385 per share. The ex-dividend date is Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 6.3%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter worth approximately $31,000. Summit Securities Group LLC acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter valued at approximately $34,000. Fifth Third Bancorp acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the first quarter valued at approximately $35,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the second quarter worth approximately $49,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the third quarter worth approximately $52,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

(Get Free Report)

Highland Funds I – Highland Opportunities and Income Fund (NYSE: HFRO) is a diversified, closed-end management investment company designed to seek total return with an emphasis on current income. The fund pursues its objective by investing primarily in a broad range of credit instruments, including senior secured loans, high-yield corporate bonds, distressed debt and other special situation opportunities. In addition to its credit allocations, HFRO may also invest in equity securities, convertible instruments and derivative instruments to hedge risk or enhance yield.

Since commencing operations in 2006, Highland Opportunities and Income Fund has employed an opportunistic, value-oriented strategy to capitalize on market dislocations and mispriced assets.

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