Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Increases By 158.5%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 45,149 shares, a growth of 158.5% from the June 15th total of 17,468 shares. Based on an average daily volume of 213,546 shares, the short-interest ratio is currently 0.2 days.

Insider Activity at Highland Funds I – Highland Opportunities and Income Fund

In other Highland Funds I – Highland Opportunities and Income Fund news, major shareholder Saba Capital Management, L.P. bought 123,589 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of $6.88 per share, with a total value of $850,292.32. Following the acquisition, the insider owned 5,976,204 shares of the company’s stock, valued at $41,116,283.52. The trade was a 2.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 417,994 shares of company stock worth $2,760,184.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Saba Capital Management L.P. grew its position in shares of 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 worth $29,391,000 after purchasing an additional 473,221 shares in the last quarter. Nexpoint Asset Management L.P. increased its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 30.3% during the fourth quarter. Nexpoint Asset Management L.P. now owns 3,673,047 shares of the company’s stock worth $21,965,000 after purchasing an additional 855,000 shares during the period. Invesco Ltd. raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 2.8% in the fourth quarter. Invesco Ltd. now owns 1,367,754 shares of the company’s stock valued at $8,179,000 after buying an additional 37,035 shares in the last quarter. Marex Group plc raised its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 267.5% in the fourth quarter. Marex Group plc now owns 285,112 shares of the company’s stock valued at $1,705,000 after buying an additional 207,541 shares in the last quarter. Finally, Altium Capital Management LLC boosted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 93.7% in the first quarter. Altium Capital Management LLC now owns 277,068 shares of the company’s stock valued at $1,582,000 after buying an additional 134,009 shares during the period.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 0.8%

HFRO stock opened at $7.66 on Tuesday. Highland Funds I – Highland Opportunities and Income Fund has a fifty-two week low of $5.03 and a fifty-two week high of $7.69. The business’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $6.33.

Highland Funds I – Highland Opportunities and Income Fund declared that its board has approved a share repurchase program on Tuesday, June 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a $0.0385 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 6.0%.

About Highland Funds I – Highland Opportunities and Income Fund

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.