Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Sees Large Increase in Short Interest

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 11,473 shares, an increase of 420.6% from the April 15th total of 2,204 shares. Based on an average daily trading volume, of 79,017 shares, the short-interest ratio is presently 0.1 days.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 2.3%

NYSE:HFRO traded up $0.14 during midday trading on Thursday, reaching $6.29. 291,658 shares of the stock traded hands, compared to its average volume of 120,948. Highland Funds I – Highland Opportunities and Income Fund has a 12-month low of $4.94 and a 12-month high of $6.83. The business has a 50-day moving average of $5.92 and a two-hundred day moving average of $6.12.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 22nd will be given a $0.0385 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HFRO. IFP Advisors Inc acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth $31,000. Summit Securities Group LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter worth $34,000. Fifth Third Bancorp acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter worth about $35,000. Advisory Services Network LLC acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 3rd quarter worth about $52,000. Finally, K2 Principal Fund L.P. purchased a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter valued at about $60,000.

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.