Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 168,100 shares, a growth of 487.8% from the March 31st total of 28,600 shares. Based on an average daily volume of 309,200 shares, the days-to-cover ratio is currently 0.5 days.
Highland Funds I – Highland Opportunities and Income Fund Price Performance
Shares of NYSE HFRO traded up $0.08 during trading on Friday, hitting $6.45. The company had a trading volume of 256,235 shares, compared to its average volume of 365,568. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $5.92 and a 52 week high of $9.38. The business’s 50-day moving average is $6.50 and its 200 day moving average is $7.22.
Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.038 per share. This represents a $0.46 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend is Monday, April 22nd.
Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund
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.
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