Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Up 420.6% in April

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a large increase in short interest in 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 currently 0.1 days.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in HFRO. Arlington Capital Management Inc. grew its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 2.1% during the first quarter. Arlington Capital Management Inc. now owns 154,306 shares of the company’s stock worth $881,000 after buying an additional 3,101 shares in the last quarter. NewEdge Advisors LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 3.5% during the second quarter. NewEdge Advisors LLC now owns 121,872 shares of the company’s stock worth $634,000 after acquiring an additional 4,139 shares during the last quarter. Aristides Capital LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 3.4% during the first quarter. Aristides Capital LLC now owns 138,096 shares of the company’s stock worth $789,000 after acquiring an additional 4,600 shares during the last quarter. IFP Advisors Inc purchased a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter valued at about $31,000. Finally, Cetera Investment Advisers grew its stake in Highland Funds I – Highland Opportunities and Income Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 70,716 shares of the company’s stock valued at $368,000 after acquiring an additional 5,424 shares in the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

NYSE HFRO opened at $6.29 on Friday. The stock’s 50 day simple moving average is $5.92 and its 200-day simple moving average is $6.12. Highland Funds I – Highland Opportunities and Income Fund has a 1-year low of $4.94 and a 1-year high of $6.83.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

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

About Highland Funds I – Highland Opportunities and Income Fund

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.