Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Stock Short Interest Jumps 149.4%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 13,436 shares, an increase of 149.4% from the August 31st total of 5,388 shares. Based on an average trading volume of 91,484 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Saba Capital Management L.P. boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 10.1% in the 1st quarter. Saba Capital Management L.P. now owns 5,147,237 shares of the company’s stock worth $29,391,000 after purchasing an additional 473,221 shares in the last quarter. Altium Capital Management LLC increased its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 93.7% during the 1st quarter. Altium Capital Management LLC now owns 277,068 shares of the company’s stock valued at $1,582,000 after purchasing an additional 134,009 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at $1,406,000. NewEdge Advisors LLC lifted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 4.1% in the 2nd quarter. NewEdge Advisors LLC now owns 173,066 shares of the company’s stock valued at $1,234,000 after purchasing an additional 6,748 shares during the period. Finally, Concorde Asset Management LLC boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 19.2% during the first quarter. Concorde Asset Management LLC now owns 166,190 shares of the company’s stock worth $949,000 after buying an additional 26,730 shares in the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 1.3%

Shares of Highland Funds I – Highland Opportunities and Income Fund stock traded down $0.09 during trading on Friday, hitting $6.81. 52,785 shares of the company’s stock were exchanged, compared to its average volume of 131,481. The business has a 50-day simple moving average of $7.25 and a 200-day simple moving average of $6.73. Highland Funds I – Highland Opportunities and Income Fund has a 52-week low of $5.47 and a 52-week high of $7.74.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Highland Funds I – Highland Opportunities and Income Fund declared that its board has authorized a share buyback plan on Tuesday, June 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol HFRO. Rather than operating a commercial business, the fund seeks to provide investors with current income and the potential for capital appreciation through a managed portfolio of investments.

The fund invests in a range of debt and equity securities, including corporate credit, structured investments and other income-producing or opportunistic assets.