Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Declares Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) announced a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.038 per share on Tuesday, April 30th. This represents a $0.46 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date is Monday, April 22nd.

Highland Funds I – Highland Opportunities and Income Fund Price Performance

NYSE:HFRO opened at $6.35 on Friday. Highland Funds I – Highland Opportunities and Income Fund has a 52 week low of $5.92 and a 52 week high of $9.38. The firm has a 50 day moving average of $6.51 and a 200 day moving average of $7.27.

Institutional Investors Weigh In On Highland Funds I – Highland Opportunities and Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of HFRO. Thomas J. Herzfeld Advisors Inc. lifted its position in Highland Funds I – Highland Opportunities and Income Fund by 19.3% during the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 2,936,570 shares of the company’s stock valued at $25,812,000 after acquiring an additional 475,588 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 45.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,393,258 shares of the company’s stock worth $10,714,000 after buying an additional 432,353 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the first quarter worth $4,851,000. Creative Planning purchased a new position in shares of Highland Funds I – Highland Opportunities and Income Fund in the fourth quarter worth $813,000. Finally, UBS Group AG raised its holdings in shares of Highland Funds I – Highland Opportunities and Income Fund by 411.8% in the second quarter. UBS Group AG now owns 100,943 shares of the company’s stock worth $1,137,000 after buying an additional 81,220 shares during the last quarter.

Highland Funds I – Highland Opportunities and Income Fund Company Profile

Highland Funds I – Highland Opportunities and Income 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.