I've been looking for closed-end fund bargains amidst the recent carnage. Buying cheap assets is great, but finding a double discount is even better. One fund that recently came to my attention is the NexPoint Strategic Opportunities Fund (NHF).
NHF has traded at a chronic discount, and it recently became more severe. The current NAV discount is 22%, nearly double the three-year average of 11.4%. Some discount might be justified in a situation with mediocre performance and/or opaque assets. Is a 22% discount justified for NHF?
This chart shows NHF's discount over the past three