Short Interest in Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Decreases By 27.3%

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 151,900 shares, a decline of 27.3% from the January 15th total of 208,800 shares. Based on an average daily trading volume, of 393,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Absolute Investment Advisers LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at about $879,000. Geneos Wealth Management Inc. raised its stake in Highland Funds I – Highland Opportunities and Income Fund by 29.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 520,838 shares of the company’s stock valued at $2,703,000 after purchasing an additional 118,567 shares during the last quarter. Teamwork Financial Advisors LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at about $84,000. Park Avenue Securities LLC raised its stake in Highland Funds I – Highland Opportunities and Income Fund by 6.3% in the 4th quarter. Park Avenue Securities LLC now owns 199,478 shares of the company’s stock valued at $1,035,000 after purchasing an additional 11,750 shares during the last quarter. Finally, Integrated Capital Management Inc. raised its stake in Highland Funds I – Highland Opportunities and Income Fund by 7.7% in the 4th quarter. Integrated Capital Management Inc. now owns 42,947 shares of the company’s stock valued at $223,000 after purchasing an additional 3,071 shares during the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 0.4 %

Shares of NYSE:HFRO traded up $0.03 during midday trading on Friday, hitting $5.80. 278,739 shares of the stock were exchanged, compared to its average volume of 304,928. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.11 and a twelve month high of $7.05. The company has a 50 day moving average price of $5.55 and a 200-day moving average price of $5.76.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.0385 per share. This represents a $0.46 annualized dividend and a dividend yield of 7.97%. The ex-dividend date is Friday, February 21st.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.