Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Trading Down 2.3% – Here’s What Happened

Shares of Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) dropped 2.3% on Tuesday . The company traded as low as $5.14 and last traded at $5.17. Approximately 454,268 shares were traded 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 Trading Down 2.3 %

The firm’s 50-day moving average price is $5.59 and its two-hundred day moving average price is $5.68.

Highland Funds I – Highland Opportunities and Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Highland Funds I – Highland Opportunities and Income Fund

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the 4th quarter valued at about $21,497,000. Invesco Ltd. lifted its stake in Highland Funds I – Highland Opportunities and Income Fund by 0.9% in the fourth quarter. Invesco Ltd. now owns 1,840,817 shares of the company’s stock valued at $9,554,000 after buying an additional 16,377 shares during the last quarter. CF Capital LLC acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter valued at approximately $2,854,000. Icon Advisers Inc. Co. acquired a new stake in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter valued at approximately $2,722,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Highland Funds I – Highland Opportunities and Income Fund by 29.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 520,838 shares of the company’s stock worth $2,703,000 after acquiring an additional 118,567 shares during the last quarter.

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.