Highland Global Allocation Fund (NASDAQ:HGLB) Trading Down 2.1% – Here’s Why

Posted by George Bondi on Jul 25th, 2026

Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report)’s share price traded down 2.1% during trading on Thursday . The company traded as low as $7.30 and last traded at $7.3740. Approximately 101,154 shares were traded during mid-day trading, an increase of 25% from the average session volume of 81,024 shares. The stock had previously closed at $7.53.

Highland Global Allocation Fund Trading Down 0.1%

The firm’s fifty day simple moving average is $7.72 and its 200-day simple moving average is $8.24.

Highland Global Allocation Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 13.9%.

Institutional Investors Weigh In On Highland Global Allocation Fund

Several large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in shares of Highland Global Allocation Fund by 15.6% during the 1st quarter. NewEdge Advisors LLC now owns 211,407 shares of the company’s stock worth $1,698,000 after buying an additional 28,598 shares in the last quarter. Quantedge Capital Pte Ltd raised its holdings in shares of Highland Global Allocation Fund by 8.9% during the first quarter. Quantedge Capital Pte Ltd now owns 188,987 shares of the company’s stock valued at $1,518,000 after purchasing an additional 15,400 shares during the period. Wells Fargo & Company MN boosted its position in shares of Highland Global Allocation Fund by 306,050.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,123 shares of the company’s stock worth $56,000 after purchasing an additional 6,121 shares in the last quarter. Jane Street Group LLC bought a new stake in Highland Global Allocation Fund in the 4th quarter valued at about $106,000. Finally, LPL Financial LLC raised its stake in Highland Global Allocation Fund by 16.4% during the 4th quarter. LPL Financial LLC now owns 866,872 shares of the company’s stock worth $7,915,000 after buying an additional 122,226 shares during the period. Institutional investors and hedge funds own 28.79% of the company’s stock.

About Highland Global Allocation Fund

(Get Free Report)

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.