Highland Global Allocation Fund (NASDAQ:HGLB) Stock Price Down 2.2% – Time to Sell?

Posted by Stanley Muller on Oct 24th, 2026

Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) dropped 2.2% on Friday. The stock traded as low as $6.30 and last traded at $6.3450. Approximately 51,892 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 84,051 shares. The stock had previously closed at $6.49.

Highland Global Allocation Fund Trading Down 2.2%

The stock has a fifty day moving average price of $7.03 and a 200-day moving average price of $7.54.

Highland Global Allocation Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 24th will be issued a $0.0850 dividend. The ex-dividend date is Thursday, December 24th. This represents a $1.02 annualized dividend and a yield of 16.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Solutions Group LLC acquired a new stake in shares of Highland Global Allocation Fund in the second quarter worth $852,000. NewEdge Advisors LLC raised its stake in shares of Highland Global Allocation Fund by 15.6% in the 1st quarter. NewEdge Advisors LLC now owns 211,407 shares of the company’s stock valued at $1,698,000 after acquiring an additional 28,598 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of Highland Global Allocation Fund in the 2nd quarter valued at $1,512,000. Concorde Asset Management LLC purchased a new position in shares of Highland Global Allocation Fund in the 2nd quarter valued at $90,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Highland Global Allocation Fund during the 2nd quarter valued at $94,000. 28.79% of the stock is owned by institutional investors and hedge funds.

About Highland Global Allocation Fund

(Get Free Report)

Highland Global Allocation Fund (NASDAQ: HGLB) is a closed-end investment fund that seeks to provide investors with total return through a globally diversified portfolio of securities. The fund allocates assets among investments in the United States and international markets, including both developed and emerging economies.

Its portfolio may include common stocks, preferred stocks, corporate and government debt securities, high-yield bonds, and other income-producing investments. The fund may also use derivatives and other investment strategies to manage exposure to markets, currencies, interest rates, and credit risk.

Highland Global Allocation Fund is advised by an affiliate of Highland Capital Management, an investment management firm known for managing alternative and income-oriented strategies.