Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Down 19.3% in December
by Scott Moore · The Cerbat GemHighland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 2,898 shares, a drop of 19.3% from the November 30th total of 3,591 shares. Based on an average daily trading volume, of 125,524 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 125,524 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund
A number of institutional investors and hedge funds have recently bought and sold shares of HFRO. Geneos Wealth Management Inc. increased its stake in Highland Funds I – Highland Opportunities and Income Fund by 87.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 978,559 shares of the company’s stock valued at $5,089,000 after buying an additional 457,721 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter worth about $658,000. Envestnet Asset Management Inc. increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,822,324 shares of the company’s stock worth $11,572,000 after buying an additional 95,314 shares during the last quarter. Arlington Capital Management Inc. lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 95.2% in the second quarter. Arlington Capital Management Inc. now owns 175,047 shares of the company’s stock valued at $910,000 after purchasing an additional 85,373 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 53.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 119,450 shares of the company’s stock valued at $759,000 after buying an additional 41,543 shares during the last quarter.
Highland Funds I – Highland Opportunities and Income Fund Trading Up 0.3%
Shares of NYSE:HFRO traded up $0.02 during midday trading on Thursday, hitting $6.03. 315,088 shares of the company’s stock were exchanged, compared to its average volume of 214,432. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $4.24 and a 12 month high of $6.83. The stock has a 50 day moving average price of $6.21 and a 200-day moving average price of $6.00.
Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were issued a $0.0385 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Wednesday, December 24th.
Highland Funds I – Highland Opportunities and Income Fund Company Profile
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.