Highland Funds I – Highland Income Fund (NYSE:HFRO – Get Rating) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 16,200 shares, a drop of 17.3% from the August 15th total of 19,600 shares. Based on an average trading volume of 171,600 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Highland Funds I – Highland Income Fund
Several large investors have recently modified their holdings of the stock. Lee Financial Co acquired a new stake in shares of Highland Funds I – Highland Income Fund in the second quarter worth $49,000. Scotia Capital Inc. acquired a new stake in shares of Highland Funds I – Highland Income Fund in the first quarter worth $157,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Highland Funds I – Highland Income Fund in the first quarter worth $162,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Highland Funds I – Highland Income Fund in the second quarter worth $236,000. Finally, UBS Group AG boosted its position in shares of Highland Funds I – Highland Income Fund by 18.0% in the first quarter. UBS Group AG now owns 19,723 shares of the company's stock worth $236,000 after buying an additional 3,002 shares during the period.
Get Highland Funds I - Highland Income Fund alerts:Highland Funds I – Highland Income Fund Stock Performance
Shares of HFRO traded down $0.12 during trading hours on Friday, hitting $11.43. 120,247 shares of the company were exchanged, compared to its average volume of 211,195. The firm has a fifty day simple moving average of $11.60 and a 200-day simple moving average of $11.60. Highland Funds I – Highland Income Fund has a one year low of $10.60 and a one year high of $12.26.
Highland Funds I – Highland Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 23rd will be paid a dividend of $0.077 per share. This represents a $0.92 annualized dividend and a dividend yield of 8.08%. The ex-dividend date is Thursday, September 22nd.Highland Funds I – Highland Income Fund Company Profile
(Get Rating)
Highland Funds I – Highland Floating Rate Opportunities 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.
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