NexPoint Diversified Real Estate Trust (NYSE:NXDT – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 721,500 shares, an increase of 20.5% from the December 15th total of 598,900 shares. Based on an average trading volume of 253,100 shares, the days-to-cover ratio is presently 2.9 days. Approximately 2.2% of the company's shares are sold short.

Insider Transactions at NexPoint Diversified Real Estate Trust

In other news, insider James D. Dondero acquired 118,673 shares of the company's stock in a transaction on Monday, November 28th. The shares were bought at an average cost of 13.83 per share, with a total value of 1,641,247.59. Following the transaction, the insider now owns 1,825,479 shares in the company, valued at approximately 25,246,374.57. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Several institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC bought a new position in NexPoint Diversified Real Estate Trust in the 2nd quarter valued at about $25,000. SeaCrest Wealth Management LLC bought a new position in NexPoint Diversified Real Estate Trust in the 2nd quarter valued at about $28,000. Tower Research Capital LLC TRC bought a new position in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at about $25,000. PenderFund Capital Management Ltd. bought a new position in NexPoint Diversified Real Estate Trust in the 3rd quarter valued at about $38,000. Finally, UBS Group AG grew its position in NexPoint Diversified Real Estate Trust by 58.9% in the 2nd quarter. UBS Group AG now owns 8,857 shares of the company's stock valued at $146,000 after buying an additional 3,282 shares in the last quarter.

NexPoint Diversified Real Estate Trust Stock Up 3.0 %

NexPoint Diversified Real Estate Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.86%.

About NexPoint Diversified Real Estate Trust

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NexPoint Diversified Real Estate Trust is a real estate investment trust. Its investment objectives are to provide both current income and capital appreciation. The fund invests primarily in below-investment-grade debt, equity securities. The company was founded on March 10, 2006 and is headquartered in Dallas, TX.

Further Reading

• Get a free copy of the StockNews.com research report on NexPoint Diversified Real Estate Trust (NXDT)
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