NexPoint Diversified Real Estate Trust (NYSE:NXDT) Sees Large Decrease in Short Interest

NexPoint Diversified Real Estate Trust (NYSE:NXDT) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 268,300 shares, a drop of 16.6% from the November 15th total of 321,700 shares. Based on an average daily trading volume, of 114,700 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.8% of the company’s shares are short sold.

NexPoint Diversified Real Estate Trust Price Performance

Shares of NXDT opened at 5.77 on Friday. NexPoint Diversified Real Estate Trust has a 12-month low of 4.67 and a 12-month high of 9.06. The firm has a 50-day moving average price of 5.68 and a 200 day moving average price of 5.71.

NexPoint Diversified Real Estate Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On NexPoint Diversified Real Estate Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its position in NexPoint Diversified Real Estate Trust by 6.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 35,238 shares of the company’s stock valued at $195,000 after purchasing an additional 1,982 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of NexPoint Diversified Real Estate Trust by 94.4% during the second quarter. Nisa Investment Advisors LLC now owns 27,243 shares of the company’s stock worth $151,000 after buying an additional 13,228 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. bought a new position in NexPoint Diversified Real Estate Trust in the 2nd quarter worth approximately $105,000. Bank of New York Mellon Corp grew its holdings in NexPoint Diversified Real Estate Trust by 77.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 159,336 shares of the company’s stock worth $881,000 after buying an additional 69,796 shares in the last quarter. Finally, Matisse Capital increased its position in NexPoint Diversified Real Estate Trust by 23.0% in the 2nd quarter. Matisse Capital now owns 504,948 shares of the company’s stock valued at $2,792,000 after acquiring an additional 94,406 shares during the period.

About NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust (NXDT) is an externally advised diversified real estate investment trust (REIT), with its shares of common stock and 5.50% Series A Cumulative Preferred Shares listed on the New York Stock Exchange under the symbols NXDT and NXDT-PA, respectively. As a diversified REIT, NXDT's primary investment objective is to provide both current income and capital appreciation.