Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Declares Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 20th will be given a dividend of 0.0385 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, February 20th.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

Shares of NYSE HFRO traded up $0.02 during midday trading on Tuesday, hitting $6.36. The stock had a trading volume of 32,591 shares, compared to its average volume of 131,647. Highland Funds I – Highland Opportunities and Income Fund has a 1-year low of $4.24 and a 1-year high of $6.83. The company has a fifty day moving average price of $6.13 and a 200 day moving average price of $6.16.

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

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new position in shares of Highland Funds I – Highland Opportunities and Income Fund during the 4th quarter valued at $100,000. Abel Hall LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund in the second quarter valued at about $104,000. Matisse Capital lifted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 5.8% during the second quarter. Matisse Capital now owns 617,000 shares of the company’s stock worth $3,208,000 after purchasing an additional 33,613 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 8.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 66,964 shares of the company’s stock worth $348,000 after buying an additional 5,112 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 9.9% in the second quarter. Atria Wealth Solutions Inc. now owns 60,569 shares of the company’s stock valued at $315,000 after buying an additional 5,440 shares in the last quarter.

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.