Highland Funds I – Highland Income Fund (NYSE:HFRO) Short Interest Up 69.9% in April

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Highland Funds I – Highland Income Fund (NYSE:HFROGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 33,300 shares, a growth of 69.9% from the March 31st total of 19,600 shares. Based on an average daily trading volume, of 225,800 shares, the days-to-cover ratio is currently 0.1 days.

Several hedge funds and other institutional investors have recently modified their holdings of HFRO. Concourse Financial Group Securities Inc. boosted its holdings in Highland Funds I – Highland Income Fund by 380.5% in the third quarter. Concourse Financial Group Securities Inc. now owns 6,227 shares of the company’s stock valued at $67,000 after purchasing an additional 4,931 shares during the period. Citigroup Inc. boosted its holdings in Highland Funds I – Highland Income Fund by 317.8% in the third quarter. Citigroup Inc. now owns 7,161 shares of the company’s stock valued at $77,000 after purchasing an additional 5,447 shares during the period. JPMorgan Chase & Co. purchased a new position in Highland Funds I – Highland Income Fund in the fourth quarter valued at $95,000. MML Investors Services LLC purchased a new position in Highland Funds I – Highland Income Fund in the fourth quarter valued at $129,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Highland Funds I – Highland Income Fund in the third quarter valued at $158,000.

Shares of NYSE HFRO opened at $11.86 on Friday. Highland Funds I – Highland Income Fund has a twelve month low of $9.66 and a twelve month high of $12.23. The stock has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $11.36.

The company also recently disclosed a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Friday, April 22nd were paid a $0.077 dividend. The ex-dividend date of this dividend was Thursday, April 21st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.79%.

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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