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.
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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.
