OXLC - HFRO: Pullback And 7.4% Yield Create Buying Opportunity This High-Quality CEF
Co-produced with Trapping Value and Treading Softly.
Market turmoil brings threats and opportunities. Sifting through that and deciphering which is which is what makes investing so rewarding. As we scanned the rebound on Friday, October 4, 2019, one name was headed in the other direction in a hurry. Highland Floating Rate Opportunities Fund (HFRO) dropped rather nastily and when we compiled our initial assessment, it was trading down over 7%.
The Hero in HFRO
HFRO is a CEF with very little analyst coverage. It also appears to be new fund and when