Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Short Interest Down 50.4% in May

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,694 shares, a drop of 50.4% from the April 30th total of 11,473 shares. Based on an average daily trading volume, of 129,898 shares, the days-to-cover ratio is currently 0.0 days.

Highland Funds I – Highland Opportunities and Income Fund Stock Performance

HFRO traded up $0.08 during midday trading on Tuesday, reaching $6.72. The company’s stock had a trading volume of 262,107 shares, compared to its average volume of 126,234. The company has a fifty day simple moving average of $6.03 and a 200 day simple moving average of $6.10. Highland Funds I – Highland Opportunities and Income Fund has a twelve month low of $5.03 and a twelve month high of $6.83.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.0385 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 6.9%.

Insider Transactions at Highland Funds I – Highland Opportunities and Income Fund

In other Highland Funds I – Highland Opportunities and Income Fund news, major shareholder Saba Capital Management, L.P. bought 31,928 shares of the stock in a transaction on Friday, May 29th. The shares were purchased at an average price of $6.55 per share, with a total value of $209,128.40. Following the acquisition, the insider directly owned 5,715,533 shares of the company’s stock, valued at $37,436,741.15. This represents a 0.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 157,323 shares of company stock valued at $992,151.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aristides Capital LLC grew its holdings in Highland Funds I – Highland Opportunities and Income Fund by 3.4% in the 1st quarter. Aristides Capital LLC now owns 138,096 shares of the company’s stock valued at $789,000 after buying an additional 4,600 shares during the last quarter. Calamos Advisors LLC grew its holdings in Highland Funds I – Highland Opportunities and Income Fund by 75.0% in the 1st quarter. Calamos Advisors LLC now owns 74,855 shares of the company’s stock valued at $427,000 after buying an additional 32,079 shares during the last quarter. Altium Capital Management LLC grew its holdings in Highland Funds I – Highland Opportunities and Income Fund by 93.7% in the 1st quarter. Altium Capital Management LLC now owns 277,068 shares of the company’s stock valued at $1,582,000 after buying an additional 134,009 shares during the last quarter. Abel Hall LLC grew its holdings in Highland Funds I – Highland Opportunities and Income Fund by 50.0% in the 1st quarter. Abel Hall LLC now owns 30,000 shares of the company’s stock valued at $171,000 after buying an additional 10,000 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at approximately $60,000.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

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.