Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Declares Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.0385 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, May 22nd.

Highland Funds I – Highland Opportunities and Income Fund Trading Down 0.7%

Shares of Highland Funds I – Highland Opportunities and Income Fund stock opened at $6.16 on Wednesday. Highland Funds I – Highland Opportunities and Income Fund has a 1 year low of $4.94 and a 1 year high of $6.83. The firm’s 50-day moving average is $5.93 and its two-hundred day moving average is $6.11.

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Insider Buying and Selling

In other Highland Funds I – Highland Opportunities and Income Fund news, major shareholder Saba Capital Management, L.P. acquired 16,100 shares of Highland Funds I – Highland Opportunities and Income Fund stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $6.18 per share, with a total value of $99,498.00. Following the completion of the purchase, the insider directly owned 5,574,310 shares of the company’s stock, valued at approximately $34,449,235.80. This represents a 0.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

A number of large investors have recently bought and sold shares of HFRO. Bank of America Corp DE bought a new position in Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth approximately $100,000. Cetera Investment Advisers boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 8.3% during the second quarter. Cetera Investment Advisers now owns 70,716 shares of the company’s stock valued at $368,000 after purchasing an additional 5,424 shares in the last quarter. NewEdge Advisors LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 3.5% during the second quarter. NewEdge Advisors LLC now owns 121,872 shares of the company’s stock valued at $634,000 after purchasing an additional 4,139 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Highland Funds I – Highland Opportunities and Income Fund during the second quarter valued at about $127,000. Finally, Samalin Investment Counsel LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 15.3% during the third quarter. Samalin Investment Counsel LLC now owns 104,353 shares of the company’s stock valued at $663,000 after purchasing an additional 13,859 shares in the last quarter.

About Highland Funds I – Highland Opportunities and Income Fund

(Get Free Report)

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.

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