Highland Funds I – Highland Income Fund (NYSE:HFRO) Sees Significant Growth in Short Interest

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlas Wealth LLC acquired a new position in Highland Funds I – Highland Income Fund in the 4th quarter valued at $10,660,000. Thomas J. Herzfeld Advisors Inc. increased its stake in Highland Funds I – Highland Income Fund by 19.3% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 2,936,570 shares of the company’s stock valued at $25,812,000 after buying an additional 475,588 shares during the period. LPL Financial LLC increased its stake in Highland Funds I – Highland Income Fund by 45.2% in the 1st quarter. LPL Financial LLC now owns 1,485,927 shares of the company’s stock valued at $13,061,000 after buying an additional 462,390 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in shares of Highland Funds I – Highland Income Fund during the 1st quarter worth $4,851,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Highland Funds I – Highland Income Fund by 36.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 881,924 shares of the company’s stock worth $9,084,000 after purchasing an additional 235,866 shares during the period.

About Highland Funds I – Highland Income Fund

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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.