HIGHLAND OPPORTUNITIES & INCOME FUND (HFRO)
The Highland Funds I - Highland Floating Rate Opportunities Fund operates as a closed-end mutual fund dedicated to fixed income investments, originally launched by Highland Capital Management, L.P. Its management responsibilities are overseen by Highland Capital Management Fund Advisors, L.P. The fund's investment approach encompasses fixed income markets worldwide, primarily targeting instruments that offer floating rate returns. This strategy largely involves adjustable rate senior loans provided to corporations and partnerships, as well as other financial products considered floating rate investments. It actively seeks opportunities within the sphere of below-investment-grade securities and also incorporates derivatives into its investment methodology. The performance of its portfolio is measured against the Credit Suisse Leveraged Loan Index. Founded in the United States on January 13, 2000, the fund was formerly recognized as Pyxis Funds I - Pyxis Floating Rate Opportunities Fund.
Industry: Asset Management - Income
Highland Funds I - Highland Income Fund
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
based on 55.22M shares outstanding
The Highland Funds I - Highland Floating Rate Opportunities Fund operates as a closed-end mutual fund dedicated to fixed income investments, originally launched by Highland Capital Management, L.P.
Its management responsibilities are overseen by Highland Capital Management Fund Advisors, L.P. The fund's investment approach encompasses fixed income markets worldwide, primarily targeting instruments that offer floating rate returns. This strategy largely involves adjustable rate senior loans provided to corporations and partnerships, as well as other financial products considered floating rate investments.
It actively seeks opportunities within the sphere of below-investment-grade securities and also incorporates derivatives into its investment methodology. The performance of its portfolio is measured against the Credit Suisse Leveraged Loan Index. Founded in the United States on January 13, 2000, the fund was formerly recognized as Pyxis Funds I - Pyxis Floating Rate Opportunities Fund.
Leadership
Dorri McWhorter
Class I Trustee
Dustin Norris
Executive Vice President
Ethan Powell
Chairman of the Board
Frank Waterhouse
Treasurer
Employees
--
Country
US
Sector
Financial Services
Website
highlandfunds.com
| Insider | Title | Type | Shares | Value | Date |
|---|---|---|---|---|---|
| 10% Owner | Purchase | 123.6K | $850.3K | Jun 9, 2026 | |
| 10% Owner | Purchase | 6.8K | $45.2K | Jun 5, 2026 | |
| 10% Owner | Purchase | 18.0K | $121.3K | Jun 4, 2026 | |
| 10% Owner | Purchase | 28.4K | $189.4K | Jun 3, 2026 | |
| 10% Owner | Purchase | 78.3K | $525.7K | Jun 2, 2026 | |
| 10% Owner | Purchase | 5.5K | $36.2K | Jun 1, 2026 |
| Name | Shares | % | Source |
|---|---|---|---|
Saba Capital Management, L.P. | 6.0M | 10.8% | 13F |
Saba Capital Management, L.P. · also on 13F· joint filing· may incl. warrants· filed Jun 2026 | 5.8M | 10.5% | 13D |
DONDERO JAMES D · net of 13F· joint filing· may incl. warrants· reaffirmed 13F Aug 2026 | 5.2M | 9.5% | 13D |
NEXPOINT ASSET MANAGEMENT, L.P. | 4.6M | 8.3% | 13F |
RAYMOND JAMES FINANCIAL INC | 4.0M | 7.2% | 13F |
Morgan Stanley · also on 13F· may incl. warrants· filed Feb 2026 | 2.8M | 5.1% | 13G |
Thomas J. Herzfeld Advisors, Inc. | 2.7M | 4.8% | 13F |
MORGAN STANLEY | 2.5M | 4.5% | 13F |
ENVESTNET ASSET MANAGEMENT INC | 2.2M | 4.0% | 13F |
Invesco Ltd. | 1.2M | 2.1% | 13F |
Insiders
- Saba Capital Management, L.P.10% Owner
based on 55.22M shares outstanding
30d Avg
94.85K
60d Avg
91.47K
90d Avg
103.04K