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HMEZX
Mutual Fund ticker: NASDAQ
AS OF
Jun 16 closing price
Price
$20.02
Change
+$0.03 (+0.15%)
Net Assets
1.09B

HMEZX NexPoint Merger Arbitrage Z Forecast, Technical & Fundamental Analysis

The investment seeks to generate positive absolute returns... Show more

Category: #Trading
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A.I.Advisor
published Highlights

Industry description

The investment seeks to generate positive absolute returns. The fund normally invests at least 80% of the value of its total assets (net assets plus the amount of any borrowings for investment purposes) in securities of companies that are involved in publicly-announced mergers (including mergers through takeovers and tender offers, so long as tender offers are being used to effect a merger) ("Merger Transactions") or companies that the Adviser believes may be involved in Merger Transactions. It engages in risk arbitrage strategies, particularly merger arbitrage strategies, in order to achieve its investment objective. The fund is non-diversified.
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Event Driven
Address
NEXPOINT FUNDS I300 CRESCENT COURT, SUITE 700Dallas
Phone
N/A
Web
www.highlandfunds.com
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HMEZX and MutualFunds

Correlation & Price change

A.I.dvisor indicates that over the last year, HMEZX has been closely correlated with HMEAX. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if HMEZX jumps, then HMEAX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HMEZX
1D Price
Change %
HMEZX100%
+0.15%
HMEAX - HMEZX
92%
Closely correlated
+0.15%
BILPX - HMEZX
20%
Poorly correlated
+0.29%
BCLPX - HMEZX
20%
Poorly correlated
+0.35%
BALPX - HMEZX
20%
Poorly correlated
+0.30%
GADVX - HMEZX
17%
Poorly correlated
+0.37%
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