Highland Funds I – Highland Income Fund (NYSE:HFRO – Get Rating) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 15,900 shares, a growth of 238.3% from the April 30th total of 4,700 shares. Based on an average daily trading volume, of 253,200 shares, the days-to-cover ratio is presently 0.1 days.
Highland Funds I – Highland Income Fund Stock Up 2.5 %
Shares of NYSE:HFRO traded up $0.22 during trading on Friday, hitting $9.14. 358,220 shares of the company were exchanged, compared to its average volume of 231,582. Highland Funds I – Highland Income Fund has a 12-month low of $7.78 and a 12-month high of $12.09. The firm’s 50 day moving average price is $8.61 and its 200-day moving average price is $9.86.
Highland Funds I – Highland Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Tuesday, May 23rd will be given a $0.077 dividend. The ex-dividend date is Monday, May 22nd. This represents a $0.92 annualized dividend and a yield of 10.11%.
Institutional Trading of Highland Funds I – Highland Income Fund
About Highland Funds I – Highland Income Fund
Highland Funds I – Highland Floating Rate Opportunities 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.
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