Highland Funds I – Highland Income Fund (NYSE:HFRO) Sees Large Growth in Short Interest

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Highland Funds I – Highland Income Fund (NYSE:HFRO) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 65,700 shares, a growth of 55.7% from the December 31st total of 42,200 shares. Based on an average trading volume of 433,200 shares, the short-interest ratio is currently 0.2 days.

NYSE HFRO traded down $0.01 during trading hours on Monday, hitting $10.25. The company had a trading volume of 156,909 shares, compared to its average volume of 304,095. Highland Funds I – Highland Income Fund has a 1-year low of $7.02 and a 1-year high of $12.71. The business has a 50 day moving average of $10.18 and a 200-day moving average of $8.94.

The firm also recently announced a monthly dividend, which was paid on Friday, January 29th. Stockholders of record on Friday, January 22nd were paid a dividend of $0.077 per share. The ex-dividend date of this dividend was Thursday, January 21st. This represents a $0.92 annualized dividend and a dividend yield of 9.01%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Highland Funds I – Highland Income Fund by 26.3% during the second quarter. Bank of America Corp DE now owns 5,618 shares of the company’s stock worth $45,000 after buying an additional 1,169 shares during the period. Truist Financial Corp raised its holdings in Highland Funds I – Highland Income Fund by 1.4% during the third quarter. Truist Financial Corp now owns 89,613 shares of the company’s stock worth $770,000 after purchasing an additional 1,258 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in Highland Funds I – Highland Income Fund by 16.5% during the fourth quarter. Beacon Financial Advisory LLC now owns 11,784 shares of the company’s stock worth $121,000 after purchasing an additional 1,669 shares in the last quarter. Private Advisor Group LLC raised its holdings in Highland Funds I – Highland Income Fund by 15.8% during the third quarter. Private Advisor Group LLC now owns 16,550 shares of the company’s stock worth $142,000 after purchasing an additional 2,253 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Highland Funds I – Highland Income Fund by 21.2% during the third quarter. Janney Montgomery Scott LLC now owns 20,865 shares of the company’s stock worth $179,000 after purchasing an additional 3,650 shares in the last quarter.

Highland Funds I – Highland Income Fund Company Profile

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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