Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Stock Short Interest Jumps 149.4%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 13,436 shares, a growth of 149.4% from the August 31st total of 5,388 shares. Based on an average daily volume of 91,484 shares, the short-interest ratio is currently 0.1 days.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 1.3%

Highland Funds I – Highland Opportunities and Income Fund stock traded down $0.09 during mid-day trading on Friday, reaching $6.81. 52,785 shares of the company traded hands, compared to its average volume of 131,481. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $5.47 and a fifty-two week high of $7.74. The firm’s fifty day moving average is $7.25 and its two-hundred day moving average is $6.73.

Highland Funds I – Highland Opportunities and Income Fund declared that its board has initiated a stock repurchase plan on Tuesday, June 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.0385 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 6.8%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Saba Capital Management L.P. grew its stake in Highland Funds I – Highland Opportunities and Income Fund by 10.1% during the 1st quarter. Saba Capital Management L.P. now owns 5,147,237 shares of the company’s stock valued at $29,391,000 after purchasing an additional 473,221 shares during the last quarter. Altium Capital Management LLC lifted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 93.7% during the first quarter. Altium Capital Management LLC now owns 277,068 shares of the company’s stock worth $1,582,000 after purchasing an additional 134,009 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund during the fourth quarter worth about $1,406,000. NewEdge Advisors LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 4.1% in the second quarter. NewEdge Advisors LLC now owns 173,066 shares of the company’s stock valued at $1,234,000 after buying an additional 6,748 shares during the last quarter. Finally, Concorde Asset Management LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 19.2% in the first quarter. Concorde Asset Management LLC now owns 166,190 shares of the company’s stock valued at $949,000 after buying an additional 26,730 shares during the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol HFRO. Rather than operating a commercial business, the fund seeks to provide investors with current income and the potential for capital appreciation through a managed portfolio of investments.

The fund invests in a range of debt and equity securities, including corporate credit, structured investments and other income-producing or opportunistic assets.