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

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a significant 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 trading volume of 79,017 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Highland Funds I – Highland Opportunities and Income Fund

A number of large investors have recently made changes to their positions in HFRO. Independent Financial Group LLC purchased a new position in Highland Funds I – Highland Opportunities and Income Fund in the first quarter worth approximately $158,000. Calamos Advisors LLC increased its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 75.0% in the 1st quarter. Calamos Advisors LLC now owns 74,855 shares of the company’s stock valued at $427,000 after purchasing an additional 32,079 shares during the last quarter. Arlington Capital Management Inc. increased its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 2.1% in the 1st quarter. Arlington Capital Management Inc. now owns 154,306 shares of the company’s stock valued at $881,000 after purchasing an additional 3,101 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the 1st quarter valued at $35,000. Finally, Altium Capital Management LLC raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 93.7% in the 1st quarter. Altium Capital Management LLC now owns 277,068 shares of the company’s stock valued at $1,582,000 after purchasing an additional 134,009 shares in the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

HFRO opened at $6.23 on Wednesday. Highland Funds I – Highland Opportunities and Income Fund has a 12 month low of $4.94 and a 12 month high of $6.83. The business has a fifty day moving average price of $5.92 and a 200 day moving average price of $6.12.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 22nd will be paid a $0.0385 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, May 22nd.

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.