NexPoint Strategic Opportunities Fund (NYSE:NHF) Short Interest Up 33.5% in August

NexPoint Strategic Opportunities Fund (NYSE:NHF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 31,500 shares, an increase of 33.5% from the August 15th total of 23,600 shares. Based on an average daily trading volume, of 129,600 shares, the days-to-cover ratio is presently 0.2 days.

NYSE NHF opened at $14.10 on Wednesday. NexPoint Strategic Opportunities Fund has a 1 year low of $8.33 and a 1 year high of $15.25. The company has a fifty day moving average of $14.07 and a 200 day moving average of $13.05.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Thursday, September 23rd will be issued a $0.05 dividend. The ex-dividend date is Wednesday, September 22nd. This represents a $0.60 annualized dividend and a dividend yield of 4.26%.

In other news, insider James D. Dondero bought 25,987 shares of the company’s stock in a transaction that occurred on Tuesday, August 31st. The shares were purchased at an average price of $15.18 per share, for a total transaction of $394,482.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Dondero purchased 3,000 shares of NexPoint Strategic Opportunities Fund stock in a transaction on Wednesday, August 18th. The shares were acquired at an average cost of $14.23 per share, with a total value of $42,690.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 59,657 shares of company stock valued at $874,986.

Institutional investors have recently bought and sold shares of the stock. SMH Capital Advisors Inc. lifted its holdings in NexPoint Strategic Opportunities Fund by 32.1% in the second quarter. SMH Capital Advisors Inc. now owns 59,139 shares of the company’s stock valued at $814,000 after acquiring an additional 14,379 shares during the period. Morgan Stanley increased its holdings in shares of NexPoint Strategic Opportunities Fund by 15.3% during the 1st quarter. Morgan Stanley now owns 1,804,174 shares of the company’s stock valued at $20,550,000 after purchasing an additional 238,792 shares in the last quarter. Camelot Portfolios LLC lifted its stake in shares of NexPoint Strategic Opportunities Fund by 4.3% in the 2nd quarter. Camelot Portfolios LLC now owns 505,582 shares of the company’s stock valued at $6,957,000 after purchasing an additional 20,931 shares during the period. Citadel Advisors LLC purchased a new stake in NexPoint Strategic Opportunities Fund during the first quarter worth $238,000. Finally, Verition Fund Management LLC grew its position in NexPoint Strategic Opportunities Fund by 200.0% during the first quarter. Verition Fund Management LLC now owns 75,000 shares of the company’s stock valued at $854,000 after buying an additional 50,000 shares during the period.

About NexPoint Strategic Opportunities Fund

NexPoint Strategic Opportunities Fund is a closed-end 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.

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