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Highland Funds I - Highland Opportunities and Income Fund (HFRO)

Financial Services | Asset Management | Dallas, United States | NYSE
7.39 USD +0.30 (4.231%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 7.39
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Aug. 22, 2026, 2:21 a.m. EDT

The immediate outlook remains neutral due to a lack of clear directional momentum, though the asset is trading below its 200-day average, suggesting some underlying support. However, the long-term investment case is severely compromised by a catastrophic multi-year decline; the security has lost over 60% of its value since the start of the observation window, with four consecutive years of negative annual returns ending just recently, signaling deep structural deterioration in the underlying business. While the headline yield appears attractive at 6.46%, this is misleading given the negative earnings per share (-$0.50 trailing EPS) and the fact that the payout ratio exceeds 200%, indicating the dividend is likely being funded by capital erosion rather than sustainable earnings. Recent news highlights struggles in a high-interest-rate environment and a resilient real estate fund, but these positives are insufficient to offset the massive capital destruction and the fact that the company is currently losing money while paying out cash.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.021715
MSTL0.021961
AutoETS0.023052
AutoARIMA0.023053

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 55%
H-stat 0.30
Ljung-Box p 0.000
Jarque-Bera p 0.533
Excess Kurtosis -0.71
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-23
Last Dividend Date 2026-08-23
Market Cap 409,454,048
Previous Name Highland Funds I - Highland Income Fund
Website https://www.highlandfunds.com/Funds---Performance/Mutual-Funds/Alternative-Investment/Floating-Rate-Opportunities

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.56% 7.31% 8.26% 8.51%
Dividend History
Date Dividend Yield %
2026-08-24 0.039 0.558739
2026-07-24 0.039 0.531335
2026-06-23 0.039 0.529891
2026-05-22 0.039 0.624000
2026-04-23 0.039 0.639344
2026-03-24 0.039 0.681818
2026-02-20 0.039 0.615142
2026-01-23 0.039 0.631068
2025-12-24 0.039 0.658784
2025-11-21 0.039 0.653266
2025-10-24 0.039 0.608424
2025-09-23 0.039 0.576071
2025-08-22 0.039 0.636215
2025-07-24 0.039 0.750000
2025-06-23 0.039 0.750000
2025-05-23 0.039 0.775348
2025-04-23 0.039 0.778443
2025-03-24 0.039 0.737240
2025-02-21 0.039 0.698925
2025-01-24 0.039 0.693950
2024-12-24 0.039 0.747126
2024-11-22 0.039 0.737240
2024-10-24 0.039 0.687831
2024-09-23 0.039 0.625000
2024-08-23 0.039 0.654362
2024-07-24 0.039 0.652174
2024-06-21 0.039 0.647841
2024-05-23 0.039 0.601852
2024-04-22 0.039 0.600000
2024-03-20 0.039 0.623003
2024-02-21 0.039 0.598160
2024-01-23 0.039 0.531335
2023-12-21 0.077 0.984655
2023-11-21 0.077 0.919952
2023-10-23 0.077 1.084507
2023-09-21 0.077 0.949445
2023-08-23 0.077 0.951792
2023-07-21 0.077 0.890173
2023-06-22 0.077 0.842451
2023-05-22 0.077 0.910165
2023-04-20 0.077 0.904818
2023-03-23 0.077 0.834236
2023-02-17 0.077 0.755643
2023-01-20 0.077 0.732636
2022-12-22 0.077 0.723684
2022-11-22 0.077 0.674847
2022-10-21 0.077 0.726415
2022-09-22 0.077 0.676626
2022-08-23 0.077 0.656997
2022-07-21 0.077 0.659247
2022-06-22 0.077 0.716279
2022-05-23 0.077 0.666667
2022-04-21 0.077 0.652542
2022-03-23 0.077 0.663793
2022-02-17 0.077 0.666090
2022-01-21 0.077 0.707721
2021-12-22 0.077 0.687500
2021-11-22 0.077 0.686274
2021-10-21 0.077 0.686887
2021-09-22 0.077 0.710988
2021-08-23 0.077 0.713624
2021-07-22 0.077 0.736842
2021-06-22 0.077 0.743961
2021-05-20 0.077 0.672489
2021-04-22 0.077 0.670148
2021-03-23 0.077 0.711645
2021-02-18 0.077 0.719626
2021-01-21 0.077 0.754902
2020-12-21 0.077 0.759369
2020-11-20 0.077 0.880000
2020-10-23 0.077 0.958904
2020-09-21 0.077 0.908019
2020-08-24 0.077 0.855556
2020-07-23 0.077 0.979644
2020-06-22 0.077 0.936740
2020-05-21 0.077 0.979644
2020-04-22 0.077 0.888120
2020-03-23 0.077 0.917759
2020-02-20 0.077 0.609177
2020-01-23 0.077 0.611111
2019-12-20 0.077 0.621971
2019-11-19 0.077 0.660377
2019-10-23 0.077 0.645973
2019-09-20 0.077 0.579819
2019-08-22 0.077 0.586443
2019-07-23 0.077 0.572065
2019-06-20 0.077 0.570370
2019-05-22 0.077 0.579383
2019-04-22 0.077 0.569106
2019-03-21 0.077 0.563277
2019-02-20 0.077 0.559593
2019-01-23 0.077 0.561634
2018-12-20 0.077 0.599222
2018-11-20 0.077 0.517126
2018-10-22 0.077 0.499351
2018-09-20 0.077 0.498060
2018-08-22 0.077 0.489511
2018-07-20 0.077 0.485498
2018-06-21 0.077 0.489511
2018-05-22 0.077 0.484277
2018-04-20 0.077 0.482456
2018-03-21 0.077 0.479452
2018-02-20 0.077 0.496454
2018-01-22 0.077 0.492327
2017-12-21 0.077 0.497416
2017-11-27 0.077 0.505581
Additional Data
dividendRate 0.46
dividendYield 6.25
exDividendDate 2026-08-24
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 0.039
lastDividendDate 2026-08-24
dividendDate 2019-01-31

Info Dump

Attribute Value
52 Week Change 0.1977309
Address1 300 Crescent Court
Address2 Suite 700
All Time High 16.6
All Time Low 4.24
Ask 7.3
Ask Size 700
Average Daily Volume10 Day 111,950
Average Daily Volume3 Month 157,563
Average Volume 157,563
Average Volume10Days 111,950
Bid 7.27
Bid Size 300
City Dallas
Country United States
Crypto Tradeable 0
Currency USD
Current Price 7.39
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 7.4
Day Low 7.165
Dividend Date 1,548,892,800
Dividend Rate 0.46
Dividend Yield 6.25
Ebitda Margins 0.0
Eps Trailing Twelve Months -0.52
Esg Populated 0
Ex Dividend Date 1,787,529,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 7.3342
Fifty Day Average Change 0.05579996
Fifty Day Average Change Percent 0.0076081865
Fifty Two Week Change Percent 19.77309
Fifty Two Week High 7.69
Fifty Two Week High Change -0.3000002
Fifty Two Week High Change Percent -0.039011728
Fifty Two Week Low 5.47
Fifty Two Week Low Change 1.9200001
Fifty Two Week Low Change Percent 0.35100552
Fifty Two Week Range 5.47 - 7.69
First Trade Date Milliseconds 1,509,978,600,000
Five Year Avg Dividend Yield 9.19
Full Exchange Name NYSE
Fullday Change 0.3
Fullday Change Percent 4.23131
Fullday Price 7.39
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.0
Has Pre Post Market Data 1
Held Percent Insiders 0.03909
Held Percent Institutions 0.87728
Implied Shares Outstanding 55,406,502
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Language en-US
Last Dividend Date 1,787,529,600
Last Dividend Value 0.039
Long Business Summary 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. The fund seeks to invest in below investment grade securities. It also invests through derivatives. The fund benchmarks the performance of its portfolio against the Credit Suisse Leveraged Loan Index. It was formerly known as Highland Funds I - Highland Income Fund. Highland Funds I - Highland Opportunities and Income Fund was formed on January 13, 2000 and is domiciled in the United States.
Long Name Highland Funds I - Highland Opportunities and Income Fund
Market us_market
Market Cap 409,454,048
Market State CLOSED
Max Age 86,400
Message Board Id finmb_133902779
Name Change Date 2,026-08-29
Non Diluted Market Cap 392,832,099
Open 7.15
Operating Margins 0.0
Payout Ratio 2.1
Phone 214 276 6300
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 7.39
Post Market Time 1,787,951,100
Prev Name Highland Funds I - Highland Income Fund
Previous Close 7.09
Price Hint 2
Profit Margins 0.0
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.3
Regular Market Change Percent 4.23131
Regular Market Day High 7.4
Regular Market Day Low 7.165
Regular Market Day Range 7.165 - 7.4
Regular Market Open 7.15
Regular Market Previous Close 7.09
Regular Market Price 7.39
Regular Market Time 1,787,947,202
Regular Market Volume 133,687
Sand P52 Week Change 0.20204377
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 55,406,502
Shares Percent Shares Out 0.00029999999
Shares Short 16,702
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 65,441
Short Name Highland Floating Rate Opportun
Short Percent Of Float 0.00059999997
Short Ratio 0.12
Source Interval 15
State TX
Symbol HFRO
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.52
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 6.459725
Two Hundred Day Average Change 0.93027496
Two Hundred Day Average Change Percent 0.14401154
Type Disp Equity
Volume 133,687
Website https://www.highlandfunds.com/Funds---Performance/Mutual-Funds/Alternative-Investment/Floating-Rate-Opportunities
Zip 75,201