Morgan Stanley Smith Barney LLC has recently announced that it has increased stake in Highland Funds I – Highland Income Fund (NYSE:HFRO) by 1.99%. After grabbing 4.29 million shares, the institutional investor is now in possession of 83769.0 shares of the Financial Company. The new investment brought the stake of investor firm to 6.30% having worth around $44.18 million. Moreover, RBC Capital Markets LLC increased its share by 56324.0 to have a control over 2.0 million shares. And Invesco Capital Management LLC raised its holdings to 271.0 shares by acquiring 1.27 million shares or 1.86% of the stake.
Highland Funds I – Highland Income Fund (HFRO) concluded trading on 01/18/23 at a closing price of $10.64, with 0.21 million shares of worth about $2.26 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.48% during that period and on Wednesday the price saw a gain of about 0.38%. Currently the company’s common shares owned by public are about 68.05M shares, out of which, 68.05M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 2 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 2 selling transactions, insiders dumped 2,158 shares.
Matisse Discounted Closed End Fun, Invesco CEF Income Composite ETF, and Amplify High Income ETF are the top 3 mutual funds which are holding stakes in Highland Funds I – Highland Income Fund Matisse Discounted Closed End Fun is currently holding 1.38 million shares of worth totaling $14.18 million. The company recently came buying 0.31 million shares which brought its stake up to 2.02% of the company’s outstanding shares. Amplify High Income ETF, after buying 0.75 million shares, have now control over 1.11% of the stake in the company. It holds 0.0 shares of worth $7.76 million.
However, the stock later moved at a day high price of 10.76, or with a gain of 0.38%. Stock saw a price change of 2.01% in past 5 days and over the past one month there was a price change of -3.01%. Year-to-date (YTD), HFRO shares are showing a performance of 3.30% which decreased to -3.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.47 but also hit the highest price of $12.26 during that period. The average intraday trading volume for Highland Funds I – Highland Income Fund shares is 187.53K. The stock is currently trading 1.44% above its 20-day simple moving average (SMA20), while that difference is down -3.02% for SMA50 and it goes to -5.65% lower than SMA200.
Morgan Stanley Smith Barney LLC acquired 4.29 million shares of Highland Funds I – Highland Income Fund having value of about $44.18 million. Data submitted at the U.S SEC by Morgan Stanley Smith Barney LLC revealed that the firm now holds 83769.0 shares in the company valued at close to $891302.16, or have control over 1.99% stake in the company. Highland Funds I – Highland Income Fund (NYSE: HFRO) currently have 68.05M outstanding shares and institutions hold larger chunk of about 69.44% of that. Holding of mutual funds in the company is about 26.79% while other institutional holders and individual stake holders have control over 7.49% and 0.09% of the stake respectively.
The stock has a current market capitalization of $724.02M. PE ratio of stock for trailing 12 months is 4.34, while it has posted earnings per share of $2.45 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HFRO, volatility over the week remained 1.55% while standing at 1.91% over the month.