Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Shares Down 2.3% – Here’s Why

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO)’s share price was down 2.3% during trading on Tuesday . The company traded as low as $5.14 and last traded at $5.17. Approximately 454,268 shares changed hands during trading, an increase of 62% from the average daily volume of 280,440 shares. The stock had previously closed at $5.29.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

The firm has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $5.68.

Highland Funds I – Highland Opportunities and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a $0.0385 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date of this dividend is Monday, March 24th.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Tallon Kerry Patrick acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at about $64,000. AEGON USA Investment Management LLC raised its holdings in Highland Funds I – Highland Opportunities and Income Fund by 20.5% in the fourth quarter. AEGON USA Investment Management LLC now owns 196,615 shares of the company’s stock valued at $1,020,000 after acquiring an additional 33,494 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 38.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,164 shares of the company’s stock worth $94,000 after acquiring an additional 5,000 shares during the last quarter. Choreo LLC lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 17.9% in the fourth quarter. Choreo LLC now owns 442,552 shares of the company’s stock worth $2,299,000 after acquiring an additional 67,168 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in Highland Funds I – Highland Opportunities and Income Fund by 23.8% during the 4th quarter. Calamos Advisors LLC now owns 53,743 shares of the company’s stock worth $279,000 after acquiring an additional 10,335 shares in the last quarter.

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.