Short Interest in NexPoint Diversified Real Estate Trust (NYSE:NXDT) Expands By 56.9%

NexPoint Diversified Real Estate Trust (NYSE:NXDTGet Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 27,300 shares, an increase of 56.9% from the March 31st total of 17,400 shares. Based on an average daily volume of 117,700 shares, the days-to-cover ratio is presently 0.2 days.

Shares of NXDT stock traded down 0.13 during trading hours on Friday, hitting 15.86. The company had a trading volume of 76,500 shares, compared to its average volume of 132,178. NexPoint Diversified Real Estate Trust has a 12 month low of 11.53 and a 12 month high of 16.15. The stock’s fifty day moving average is 15.46.

The business also recently declared a monthly dividend, which was paid on Friday, April 29th. Shareholders of record on Friday, April 22nd were given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, April 21st.

In other NexPoint Diversified Real Estate Trust news, insider James D. Dondero purchased 37,515 shares of the stock in a transaction on Monday, February 14th. The shares were purchased at an average price of 15.05 per share, with a total value of 564,600.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ethan Powell acquired 6,700 shares of the company’s stock in a transaction dated Thursday, March 17th. The stock was acquired at an average price of 15.08 per share, with a total value of 101,036.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 153,312 shares of company stock worth $2,300,191.

About NexPoint Diversified Real Estate Trust (Get Rating)

NexPoint Diversified Real Estate Trust is a closed ended balanced mutual fund launched by Highland Capital Management, L.P. It is managed by Nexpoint Advisors, L.P. The fund invests in the fixed income markets of the United States. It invests in companies across broadly diversified sectors to construct its portfolio.

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