Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Trading Up 1.2% – Time to Buy?

Shares of Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) were up 1.2% during mid-day trading on Wednesday . The company traded as high as $5.05 and last traded at $5.01. Approximately 129,385 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 287,098 shares. The stock had previously closed at $4.95.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 1.2 %

The business has a fifty day simple moving average of $5.20 and a 200 day simple moving average of $5.48.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.0385 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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

Large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 28.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 949,184 shares of the company’s stock worth $4,936,000 after buying an additional 212,035 shares during the last quarter. Inscription Capital LLC acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the 1st quarter worth about $62,000. Park Avenue Securities LLC boosted its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 10.7% during the first quarter. Park Avenue Securities LLC now owns 220,857 shares of the company’s stock worth $1,148,000 after buying an additional 21,379 shares during the period. Integrated Capital Management Inc. grew its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 24.4% in the first quarter. Integrated Capital Management Inc. now owns 53,426 shares of the company’s stock worth $278,000 after purchasing an additional 10,479 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter worth approximately $69,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

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.