← United States · Coverage record
US · SEC FORM 4
HIGHLAND OPPORTUNITIES & INCOME FUND
HFRO · NYSE · CIK 0001710680 · Closed-End Funds · Asset Management
INSIDER SIGNAL
13 qualifying P purchase groups
in the current 180-day scoring window
13 Form 4 transaction lines observed in the same window
0 sales · 0 option, withholding, award, gift or other lines
WHY NO ACTIVE SIGNAL?
Score anatomy
No score is calculated because there is no qualifying purchase in the active window. Unavailable inputs are not treated as zero or as a bearish signal.
Why is there no score?
- No qualifying open-market purchase supplies cluster, size, role, recency or conviction inputs.
- Sales and other Form 4 activity remain visible as context and do not create a negative score.
Sales and other Form 4 activity are shown separately and do not create a negative buy signal. Absence of buying is not scored as bearish.
Insider activity timeline
Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.
—
Purchase breadth & concentration
Roles in the peak window: TenPercentOwner. Concentration uses priced qualifying P lines only and does not change the saved score.
SIGNAL HISTORY
Scores are archived only when the company qualifies for a published US buy-signal snapshot. Last qualifying purchase: 2026-06-09 · Saba Capital Management, L.P..
Recent Form 4 activity
P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.
Market context
Market context has not been captured for this ticker yet. The daily market-context job processes the US universe in rotating batches.
Short interest
Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.
- Shares short
- 29,945
- Previous report
- 13,436
- Avg daily volume
- 85,053
- Days to cover
- ≤ 1.0
FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.
Historical equity purchases
Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.
| Transaction date | Reporting owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-09 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 123,589 | USD 6.88 | USD 850,292 | SEC filing ↗ |
| 2026-06-05 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 6,759 | USD 6.69 | USD 45,218 | SEC filing ↗ |
| 2026-06-04 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 18,017 | USD 6.73 | USD 121,254 | SEC filing ↗ |
| 2026-06-03 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 28,440 | USD 6.66 | USD 189,410 | SEC filing ↗ |
| 2026-06-02 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 78,346 | USD 6.71 | USD 525,702 | SEC filing ↗ |
| 2026-06-01 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 5,520 | USD 6.55 | USD 36,156 | SEC filing ↗ |
| 2026-05-29 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 31,928 | USD 6.55 | USD 209,128 | SEC filing ↗ |
| 2026-05-28 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 9,971 | USD 6.50 | USD 64,812 | SEC filing ↗ |
| 2026-05-26 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 15,858 | USD 6.27 | USD 99,430 | SEC filing ↗ |
| 2026-05-21 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 20,490 | USD 6.25 | USD 128,062 | SEC filing ↗ |
| 2026-05-20 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 40,591 | USD 6.23 | USD 252,882 | SEC filing ↗ |
| 2026-05-19 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 22,385 | USD 6.18 | USD 138,339 | SEC filing ↗ |
| 2026-05-18 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 16,100 | USD 6.18 | USD 99,498 | SEC filing ↗ |
| 2020-10-13 | Froehlich Robert J | Purchase (P) | Common Stock | 697 | USD 8.47 | USD 5,904 | SEC filing ↗ |
| 2020-02-25 | Froehlich Robert J | Purchase (P) | Common Stock | 130 | USD 12.89 | USD 1,676 | SEC filing ↗ |
Form 4 evidence
13 transaction lines in the latest 365-day window; 16 in local history.
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-09 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 123,589 | USD 6.88 | USD 850,292 | SEC filing ↗ |
| 2026-06-05 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 6,759 | USD 6.69 | USD 45,218 | SEC filing ↗ |
| 2026-06-04 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 18,017 | USD 6.73 | USD 121,254 | SEC filing ↗ |
Show recent Form 4 evidence (13 grouped rows)
| Date | Owner | Type | Security | Shares | Avg. price | Approx. value | Source |
|---|---|---|---|---|---|---|---|
| 2026-06-09 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 123,589 | USD 6.88 | USD 850,292 | SEC filing ↗ |
| 2026-06-05 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 6,759 | USD 6.69 | USD 45,218 | SEC filing ↗ |
| 2026-06-04 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 18,017 | USD 6.73 | USD 121,254 | SEC filing ↗ |
| 2026-06-03 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 28,440 | USD 6.66 | USD 189,410 | SEC filing ↗ |
| 2026-06-02 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 78,346 | USD 6.71 | USD 525,702 | SEC filing ↗ |
| 2026-06-01 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 5,520 | USD 6.55 | USD 36,156 | SEC filing ↗ |
| 2026-05-29 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 31,928 | USD 6.55 | USD 209,128 | SEC filing ↗ |
| 2026-05-28 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 9,971 | USD 6.50 | USD 64,812 | SEC filing ↗ |
| 2026-05-26 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 15,858 | USD 6.27 | USD 99,430 | SEC filing ↗ |
| 2026-05-21 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 20,490 | USD 6.25 | USD 128,062 | SEC filing ↗ |
| 2026-05-20 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 40,591 | USD 6.23 | USD 252,882 | SEC filing ↗ |
| 2026-05-19 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 22,385 | USD 6.18 | USD 138,339 | SEC filing ↗ |
| 2026-05-18 | Saba Capital Management, L.P. | Purchase (P) | Common Stock | 16,100 | USD 6.18 | USD 99,498 | SEC filing ↗ |
Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.
Snapshot & identity
| Snapshot date | 2026-10-18 |
|---|---|
| Ranking version | US-v1.2 |
| Data quality | PASS ELIGIBLE · — |
| Ticker | HFRO |
| CIK | 0001710680 |
| Sector | Closed-End Funds |
| Industry | Asset Management Yahoo Finance |
| SEC SIC | Investment company (SEC forms N-2, N-2/A, N-CEN) |
| Exchange | NYSE |
Data coverage
| Local Form 4 history | 16 transaction lines from 2020-02-25 to 2026-06-09 15 P purchase lines · 1 S sale lines · 0 other lines |
|---|---|
| SEC company submissions | Open SEC filings ↗ |
Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.