NexPoint Strategic Opportunities Fund
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Company profile

NexPoint Strategic Opportunities Fund (the Trust), formerly NexPoint Credit Strategies Fund, is a non-diversified, closed-end management investment company. The Trust's objective is to provide both current income and capital appreciation. The Trust allocates its investments in public equities, private equity investments, collateralized loan obligation (CLOs) debt, high yield bonds, syndicated floating rate bank loans, real estate assets, CLO equity, non-traditional yield oriented investments and hedge exposure where necessary. The Trust invests in various sectors, which include chemicals, energy, gaming and leisure, housing, media and telecommunications, real estate investment trust, healthcare, asset-backed securities, and information technology. NexPoint Advisers L.P. serves as the investment adviser to the Trust.

Closing Price
$14.22
Day's Change
-0.17 (-1.18%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.44
Day's Low
14.09
Volume
(Heavy Day)
Volume:
204,321

10-day average volume:
81,203
204,321

Nio stock drops after deliveries outlook cut, citing 'uncertainty' of chip supplies

6:07 am ET September 1, 2021 (MarketWatch)
Print

Shares of Nio Inc. (NIO) slumped 4.1% in premarket trading Wednesday, after the China-based electric vehicle maker cut its third-quarter deliveries outlook, citing the "uncertainty and volatility" of semiconductor supplies. The company now expects to deliver 22,500 to 23,500 vehicles in the third quarter, down from previous guidance of 23,000 to 25,000 vehicles. For the month of August, the company deliveries increased 48.3% from a year ago to 5,880 vehicles. "While the company's new order reached an all-time high in August driven by the increasing demand, the vehicle production, especially the manufacturing of the ES6 and EC6, was materially disrupted by supply chain constraints from from the COVID-19 pandemic in certain areas of China and Malaysia," the company said in a statement. The stock has lost 7.2% over the past three months through Tuesday, while shares of U.S.-based EV rival Tesla Inc. (TSLA) have run up 17.9% over the same time and the S&P 500 has gained 7.6%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

September 01, 2021 06:07 ET (10:07 GMT)

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