Short Interest in Highland Funds I – Highland Income Fund (NYSE:HFRO) Decreases By 76.9%

view original post

Highland Funds I – Highland Income Fund (NYSE:HFROGet Rating) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 10,200 shares, a decrease of 76.9% from the May 15th total of 44,200 shares. Based on an average daily volume of 225,600 shares, the short-interest ratio is presently 0.0 days.

Several institutional investors have recently added to or reduced their stakes in HFRO. Citigroup Inc. grew its position in shares of Highland Funds I – Highland Income Fund by 317.8% during the third quarter. Citigroup Inc. now owns 7,161 shares of the company’s stock worth $77,000 after acquiring an additional 5,447 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Highland Funds I – Highland Income Fund in the 4th quarter valued at about $95,000. MML Investors Services LLC bought a new position in Highland Funds I – Highland Income Fund in the 4th quarter valued at about $129,000. Scotia Capital Inc. bought a new position in Highland Funds I – Highland Income Fund in the 1st quarter valued at about $157,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Highland Funds I – Highland Income Fund in the 1st quarter valued at about $162,000.

Shares of NYSE:HFRO traded down $0.06 on Friday, reaching $11.66. 154,042 shares of the company’s stock were exchanged, compared to its average volume of 237,632. Highland Funds I – Highland Income Fund has a fifty-two week low of $9.66 and a fifty-two week high of $12.26. The business’s 50-day moving average is $11.76 and its two-hundred day moving average is $11.48.

The company also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 23rd will be given a dividend of $0.077 per share. The ex-dividend date of this dividend is Wednesday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 7.92%.

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.

Read More

Receive News & Ratings for Highland Funds I – Highland Income Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Highland Funds I – Highland Income Fund and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts