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Short Interest in NexPoint Diversified Real Estate Trust (NYSE:NXDT) Increases By 20.5%

Financial News Live · Jan 22, 2023 11:21

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.

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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 %

Shares of NXDT stock traded up 0.36 during mid-day trading on Friday, hitting 12.34. The stock had a trading volume of 140,900 shares, compared to its average volume of 143,569. NexPoint Diversified Real Estate Trust has a fifty-two week low of 10.79 and a fifty-two week high of 17.93. The company's 50-day simple moving average is 12.47 and its 200-day simple moving average is 13.81.

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.