Highland Global Allocation Fund (NASDAQ:HGLB) Shares Down 0.3% – Time to Sell?

Shares of Highland Global Allocation Fund (NASDAQ:HGLB) dropped 0.3% during mid-day trading on Friday . The company traded as low as $9.11 and last traded at $9.1950. Approximately 39,458 shares changed hands during trading, a decline of 51% from the average daily volume of 81,130 shares. The stock had previously closed at $9.22.

Highland Global Allocation Fund Price Performance

The business’s 50-day simple moving average is $9.69 and its two-hundred day simple moving average is $9.11.

Highland Global Allocation Fund Dividend Announcement

The company also recently disclosed a dec 25 dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th will be issued a dividend of $0.088 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a dividend yield of 1,145.0%.

Hedge Funds Weigh In On Highland Global Allocation Fund

A number of institutional investors and hedge funds have recently bought and sold shares of HGLB. NewEdge Advisors LLC raised its position in Highland Global Allocation Fund by 1,672.7% in the third quarter. NewEdge Advisors LLC now owns 182,745 shares of the company’s stock valued at $1,661,000 after purchasing an additional 172,436 shares during the last quarter. Wedbush Securities Inc. acquired a new position in shares of Highland Global Allocation Fund in the third quarter valued at approximately $250,000. NWF Advisory Services Inc. increased its stake in shares of Highland Global Allocation Fund by 24.1% in the third quarter. NWF Advisory Services Inc. now owns 291,581 shares of the company’s stock valued at $2,650,000 after buying an additional 56,600 shares during the period. BankPlus Wealth Management LLC bought a new position in Highland Global Allocation Fund in the 3rd quarter valued at approximately $145,000. Finally, Benjamin Edwards Inc. acquired a new stake in Highland Global Allocation Fund during the 3rd quarter worth approximately $93,000. Institutional investors and hedge funds own 28.79% of the company’s stock.

Highland Global Allocation Fund Company Profile

The Highland Global Allocation Fund (NASDAQ:HGLB) is a diversified, closed-end interval fund that seeks to provide total return through a combination of current income and capital appreciation. Managed by Highland Capital Management, the fund pursues a multi-asset strategy, allocating across global equities, fixed income instruments, and alternative investments. Its flexible mandate allows the portfolio team to shift exposures between regions and asset classes in response to changing market conditions.

The fund’s investment approach emphasizes risk management and diversification.