Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Stock Price Down 1.6% – Should You Sell?

Shares of Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) traded down 1.6% on Tuesday . The stock traded as low as $5.97 and last traded at $5.9820. 240,660 shares were traded during mid-day trading, an increase of 13% from the average session volume of 212,643 shares. The stock had previously closed at $6.08.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 1.6%

The firm has a 50-day moving average of $6.27 and a 200 day moving average of $5.97.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th will be issued a dividend of $0.0385 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Wednesday, December 24th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HFRO. Envestnet Asset Management Inc. boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 5.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,822,324 shares of the company’s stock worth $11,572,000 after purchasing an additional 95,314 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 3.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,007,989 shares of the company’s stock valued at $5,242,000 after buying an additional 29,430 shares during the period. Matisse Capital lifted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 5.8% during the 2nd quarter. Matisse Capital now owns 617,000 shares of the company’s stock valued at $3,208,000 after buying an additional 33,613 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 0.8% in the 2nd quarter. Osaic Holdings Inc. now owns 307,417 shares of the company’s stock worth $1,599,000 after buying an additional 2,393 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 0.9% in the second quarter. Park Avenue Securities LLC now owns 222,769 shares of the company’s stock worth $1,158,000 after acquiring an additional 1,912 shares during the period.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

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.