Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Trading Down 2.2% – Here’s Why

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) shares traded down 2.2% during trading on Thursday . The stock traded as low as $6.43 and last traded at $6.55. 148,104 shares were traded during mid-day trading, a decline of 38% from the average session volume of 237,893 shares. The stock had previously closed at $6.70.

Highland Funds I – Highland Opportunities and Income Fund Stock Down 2.2%

The company has a fifty day moving average of $5.99 and a 200 day moving average of $5.41.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd will be paid a $0.0385 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 23rd.

Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Several institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 19.3% during the first quarter. Private Advisor Group LLC now owns 30,060 shares of the company’s stock valued at $156,000 after purchasing an additional 4,867 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 109.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090,325 shares of the company’s stock valued at $5,675,000 after purchasing an additional 569,487 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 8.9% during the first quarter. Kingsview Wealth Management LLC now owns 26,791 shares of the company’s stock valued at $139,000 after purchasing an additional 2,187 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 0.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,724,764 shares of the company’s stock valued at $8,969,000 after purchasing an additional 8,124 shares in the last quarter. Finally, Tabor Asset Management LP purchased a new position in Highland Funds I – Highland Opportunities and Income Fund during the first quarter valued at $777,000.

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.