Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Down 20.2% in March

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 170,200 shares, a drop of 20.2% from the February 28th total of 213,300 shares. Based on an average daily trading volume, of 356,000 shares, the short-interest ratio is currently 0.5 days.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

HFRO opened at $4.94 on Monday. Highland Funds I – Highland Opportunities and Income Fund has a 12-month low of $4.92 and a 12-month high of $6.92. The firm has a 50 day moving average of $5.55 and a two-hundred day moving average of $5.65.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a dividend yield of 9.36%. The ex-dividend date is Monday, March 24th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HFRO. Tallon Kerry Patrick acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter worth approximately $64,000. AEGON USA Investment Management LLC grew its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 20.5% in the fourth quarter. AEGON USA Investment Management LLC now owns 196,615 shares of the company’s stock valued at $1,020,000 after purchasing an additional 33,494 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 38.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,164 shares of the company’s stock worth $94,000 after purchasing an additional 5,000 shares in the last quarter. Choreo LLC raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 17.9% during the 4th quarter. Choreo LLC now owns 442,552 shares of the company’s stock worth $2,299,000 after purchasing an additional 67,168 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake in Highland Funds I – Highland Opportunities and Income Fund by 23.8% in the 4th quarter. Calamos Advisors LLC now owns 53,743 shares of the company’s stock valued at $279,000 after purchasing an additional 10,335 shares during the last quarter.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.