Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Shares Down 0.2% – Here’s Why

Shares of Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) traded down 0.2% during mid-day trading on Monday . The stock traded as low as $5.87 and last traded at $5.94. 67,627 shares traded hands during trading, a decline of 46% from the average session volume of 126,389 shares. The stock had previously closed at $5.95.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

The business has a 50 day simple moving average of $6.21 and a 200 day simple moving average of $6.27.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.0385 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Tuesday, March 24th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of HFRO. Bank of America Corp DE bought a new position in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at $100,000. Cetera Investment Advisers boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 8.3% in the second quarter. Cetera Investment Advisers now owns 70,716 shares of the company’s stock valued at $368,000 after acquiring an additional 5,424 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in Highland Funds I – Highland Opportunities and Income Fund by 8.6% in the second quarter. Kingsview Wealth Management LLC now owns 29,091 shares of the company’s stock valued at $151,000 after acquiring an additional 2,300 shares during the last quarter. NewEdge Advisors LLC increased its position in Highland Funds I – Highland Opportunities and Income Fund by 3.5% in the second quarter. NewEdge Advisors LLC now owns 121,872 shares of the company’s stock worth $634,000 after purchasing an additional 4,139 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Highland Funds I – Highland Opportunities and Income Fund by 3.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,007,989 shares of the company’s stock worth $5,242,000 after purchasing an additional 29,430 shares during the last quarter.

About Highland Funds I – Highland Opportunities and Income Fund

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.