Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Shares Up 3.3% – Here’s What Happened

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO)’s share price traded up 3.3% during trading on Monday . The stock traded as high as $5.20 and last traded at $5.20. 317,903 shares changed hands during trading, an increase of 19% from the average session volume of 266,056 shares. The stock had previously closed at $5.03.

Highland Funds I – Highland Opportunities and Income Fund Stock Up 3.3%

The company’s fifty day simple moving average is $5.17 and its two-hundred day simple moving average is $5.28.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th will be paid a $0.0385 dividend. This represents a $0.46 annualized dividend and a yield of 8.89%. The ex-dividend date is Thursday, July 24th.

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

Several hedge funds and other institutional investors have recently modified their holdings of HFRO. Arlington Capital Management Inc. boosted its stake in Highland Funds I – Highland Opportunities and Income Fund by 95.2% during the second quarter. Arlington Capital Management Inc. now owns 175,047 shares of the company’s stock worth $910,000 after acquiring an additional 85,373 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 0.9% during the second quarter. Park Avenue Securities LLC now owns 222,769 shares of the company’s stock valued at $1,158,000 after buying an additional 1,912 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 87.9% during the first quarter. Geneos Wealth Management Inc. now owns 978,559 shares of the company’s stock valued at $5,089,000 after buying an additional 457,721 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 1.9% during the first quarter. Baird Financial Group Inc. now owns 116,349 shares of the company’s stock valued at $605,000 after buying an additional 2,162 shares during the last quarter. Finally, Samalin Investment Counsel LLC increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 30.4% during the first quarter. Samalin Investment Counsel LLC now owns 96,013 shares of the company’s stock valued at $499,000 after buying an additional 22,400 shares during the last quarter.

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.