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


Highland Funds I – Highland Income Fund (NYSE:HFRO – Get Rating) was the target of significant short-term interest growth in April. As of April 15, there were short interests totaling 33,300 shares, up 69.9% from the March 31 total of 19,600 shares. Based on an average daily trading volume of 225,800 shares, the day-to-cover ratio is currently 0.1 day.

Several hedge funds and other institutional investors have recently changed their holdings in HFRO. Concourse Financial Group Securities Inc. increased 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 valued at $67,000 after purchasing an additional 4,931 shares during the period. Citigroup Inc. increased 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 valued at $77,000 after purchasing an additional 5,447 shares during the period. JPMorgan Chase & Co. bought a new position in Highland Funds I – Highland Income Fund in the fourth quarter, valued at $95,000. MML Investors Services LLC bought a new position in Highland Funds I – Highland Income Fund in the fourth quarter, valued at $129,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Highland Funds I – Highland Income Fund in the third quarter worth $158,000.

NYSE HFRO shares opened at $11.86 on Friday. Highland Funds I – Highland Income Fund has a 12-month low of $9.66 and a 12-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 29. Shareholders of record on Friday, April 22 received a dividend of $0.077. The ex-dividend date was Thursday, April 21. This represents a dividend of $0.92 on an annualized basis and a dividend yield of 7.79%.

Highland Funds I – Highland Income Fund Company Profile (Get a rating)

Highland Funds I – Highland Floating Rate Opportunities Fund is a fixed income fixed income mutual fund launched by Highland Capital Management, LP It is managed by Highland Capital Management Fund Advisors, LP The fund invests in the fixed income markets of countries of the whole world. It invests primarily in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on floating rate senior loans to corporations and partnerships.

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