Highland Funds I – Highland Opportunities and Income Fund (HFRO) to Issue Monthly Dividend of $0.04 on July 31st

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, July 24th will be paid a dividend of 0.0385 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, July 24th.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

HFRO opened at $7.43 on Wednesday. The firm has a 50-day simple moving average of $6.99 and a two-hundred day simple moving average of $6.39. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $5.16 and a 52 week high of $7.69.

Insider Buying and Selling

In other Highland Funds I – Highland Opportunities and Income Fund news, major shareholder Saba Capital Management, L.P. acquired 123,589 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average cost of $6.88 per share, with a total value of $850,292.32. Following the purchase, the insider directly owned 5,976,204 shares of the company’s stock, valued at approximately $41,116,283.52. This represents a 2.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 417,994 shares of company stock worth $2,760,184 in the last three months.

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

Several institutional investors have recently modified their holdings of HFRO. Bank of America Corp DE bought a new stake in Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth $100,000. Cetera Investment Advisers lifted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 8.3% in the 2nd quarter. Cetera Investment Advisers now owns 70,716 shares of the company’s stock worth $368,000 after purchasing an additional 5,424 shares during the period. NewEdge Advisors LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 121,872 shares of the company’s stock valued at $634,000 after acquiring an additional 4,139 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Highland Funds I – Highland Opportunities and Income Fund during the second quarter valued at about $127,000. Finally, Millennium Management LLC bought a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter valued at about $227,000.

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.