Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 29,945 shares, a growth of 122.9% from the September 15th total of 13,436 shares. Based on an average daily volume of 85,053 shares, the short-interest ratio is currently 0.4 days.
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. Gratia Capital LLC acquired a new stake in Highland Funds I – Highland Opportunities and Income Fund during the 2nd quarter worth $889,000. Integrated Wealth Concepts LLC purchased a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the second quarter worth about $49,000. NewEdge Advisors LLC lifted its stake in shares of Highland Funds I – Highland Opportunities and Income Fund by 4.1% in the second quarter. NewEdge Advisors LLC now owns 173,066 shares of the company’s stock worth $1,234,000 after buying an additional 6,748 shares in the last quarter. Post Resch Tallon Group Inc. acquired a new position in Highland Funds I – Highland Opportunities and Income Fund during the second quarter worth about $75,000. Finally, Concorde Asset Management LLC boosted its position in Highland Funds I – Highland Opportunities and Income Fund by 19.2% during the first quarter. Concorde Asset Management LLC now owns 166,190 shares of the company’s stock worth $949,000 after acquiring an additional 26,730 shares during the last quarter.
Highland Funds I – Highland Opportunities and Income Fund Stock Down 0.5%
Shares of HFRO traded down $0.03 during mid-day trading on Thursday, hitting $6.25. 29,297 shares of the company were exchanged, compared to its average volume of 128,687. Highland Funds I – Highland Opportunities and Income Fund has a 1-year low of $5.47 and a 1-year high of $7.74. The company has a 50 day moving average of $7.05 and a 200-day moving average of $6.81.
Highland Funds I – Highland Opportunities and Income Fund Announces Dividend
About Highland Funds I – Highland Opportunities and Income Fund
Highland Funds I – Highland Opportunities and Income Fund is a closed-end investment company listed on the New York Stock Exchange under the ticker symbol HFRO. Unlike an operating corporation, the fund does not sell products or services; it invests shareholder capital in a portfolio of income-producing and opportunistic assets.
The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. Its portfolio may include loans, debt securities, equity investments and other credit- and opportunity-oriented investments, including investments in privately placed or less liquid securities.
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