HFRO — HIGHLAND OPPORTUNITIES & INCOME FUND
Price · 2024-08-26 → 2026-08-21
499 daily closes shownAnonymous view is capped at two years of history. A free account extends it to five, and Pro opens the whole archive back to 2017-11-06.
Performance
Technicals
Dividends
Measured signals that fired on HFRO
| date | signal | measured base rate |
|---|---|---|
| 2026-04-29 | Short volume far above its own normal short | -0.76% over 21 days · t = -2.79 · n = 5,897 statistically distinguishable from its control group |
Excess return against a matched control group, on a point-in-time universe that includes delisted companies. Most families do not survive that. How the measurement works →
Insider transactions (Form 4)
| date | insider | what | shares | price | value |
|---|---|---|---|---|---|
| 2026-06-09 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 123.6K | 6.88 | 850.3K |
| 2026-06-05 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 6.8K | 6.69 | 45.2K |
| 2026-06-04 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 18.0K | 6.73 | 121.3K |
| 2026-06-03 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 28.4K | 6.66 | 189.4K |
| 2026-06-02 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 78.3K | 6.71 | 525.7K |
| 2026-06-01 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 5.5K | 6.55 | 36.2K |
| 2026-05-29 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 31.9K | 6.55 | 209.1K |
| 2026-05-28 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 10.0K | 6.50 | 64.8K |
| 2026-05-26 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 15.9K | 6.27 | 99.4K |
| 2026-05-21 | Saba Capital Management, L.P. 10% owner | Open-market purchase | 20.5K | 6.25 | 128.1K |
Open-market purchases (code P) are the informative ones. Grants, option exercises and tax withholding are compensation mechanics, not decisions. How to read a Form 4 →
Largest institutional holders
| manager | value | shares |
|---|---|---|
| Saba Capital Management, L.P. | 29.4M | 5.1M |
| NEXPOINT ASSET MANAGEMENT, L.P. | 23.6M | 4.1M |
| RAYMOND JAMES FINANCIAL INC | 22.4M | 3.9M |
| Thomas J. Herzfeld Advisors, Inc. | 15.5M | 2.7M |
| MORGAN STANLEY | 14.5M | 2.5M |
| ENVESTNET ASSET MANAGEMENT INC | 12.3M | 2.1M |
| Invesco Ltd. | 8.0M | 1.4M |
| Geneos Wealth Management Inc. | 3.8M | 672.8K |
| ROYAL BANK OF CANADA | 3.6M | 631.2K |
| LPL Financial LLC | 3.6M | 622.7K |
13F positions as of 2026-03-31, filed up to 45 days after quarter end. Long-only US equity — shorts and derivatives never appear. What 13F does and does not show →
Latest SEC filings
| form | filed | period | |
|---|---|---|---|
| N-PX | 2026-08-17 | 2026-06-30 | on EDGAR ↗ |
| APP WD | 2026-07-29 | — | on EDGAR ↗ |
| SCHEDULE 13D/A | 2026-07-29 | — | on EDGAR ↗ |
| 40-APP | 2026-07-23 | — | on EDGAR ↗ |
| 4 | 2026-06-11 | 2026-06-09 | on EDGAR ↗ |
| 4 | 2026-06-08 | 2026-06-04 | on EDGAR ↗ |
| 4 | 2026-06-04 | 2026-06-03 | on EDGAR ↗ |
| SCHEDULE 13D/A | 2026-06-04 | — | on EDGAR ↗ |
Short selling
This is off-exchange short volume, not short interest: it is flow, not position, and 40–50% is normal because market makers short to fill your buy. Why that number misleads →
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