Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Shares Shorted: Short Interest Up 122.9% in September

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 29,945 shares, a growth of 122.9% from the September 15th total of 13,436 shares. Based on an average daily volume of 85,053 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HFRO. Fifth Third Bancorp acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the 1st quarter valued at about $35,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the 2nd quarter valued at $49,000. Post Resch Tallon Group Inc. acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the 2nd quarter valued at $75,000. Independent Financial Group LLC purchased a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the first quarter worth approximately $158,000. Finally, Abel Hall LLC raised its stake in Highland Funds I – Highland Opportunities and Income Fund by 50.0% during the 1st quarter. Abel Hall LLC now owns 30,000 shares of the company’s stock valued at $171,000 after purchasing an additional 10,000 shares during the period.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

Shares of NYSE:HFRO opened at $6.55 on Tuesday. 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 stock’s 50-day moving average price is $7.09 and its two-hundred day moving average price is $6.80.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a $0.0385 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.46 annualized dividend and a dividend yield of 7.1%.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the ticker symbol HFRO. Unlike an operating corporation, the fund does not sell products or services; it invests shareholder capital in a portfolio of income-producing and opportunistic assets.

The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. Its portfolio may include loans, debt securities, equity investments and other credit- and opportunity-oriented investments, including investments in privately placed or less liquid securities.