Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Shares Down 1.6% – Should You Sell?

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) shares traded down 1.6% during trading on Tuesday . The company traded as low as $5.97 and last traded at $5.9820. 240,660 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 212,643 shares. The stock had previously closed at $6.08.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

The company has a fifty day simple moving average of $6.26 and a two-hundred day simple moving average of $5.97.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th will be given a $0.0385 dividend. The ex-dividend date is Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 7.8%.

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

Several hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 87.9% in 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 period. Alpine Global Management LLC acquired a new position in Highland Funds I – Highland Opportunities and Income Fund in the 3rd quarter worth $658,000. Envestnet Asset Management Inc. increased its holdings in Highland Funds I – Highland Opportunities and Income Fund by 5.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,822,324 shares of the company’s stock worth $11,572,000 after purchasing an additional 95,314 shares in the last quarter. Arlington Capital Management Inc. raised its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 95.2% in the 2nd quarter. Arlington Capital Management Inc. now owns 175,047 shares of the company’s stock valued at $910,000 after purchasing an additional 85,373 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 53.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 119,450 shares of the company’s stock valued at $759,000 after purchasing an additional 41,543 shares in 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.