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Highland Global Allocation Fund Declares Monthly Distributions of $0.085 Per Share
PRNewswire (Fri, 2-Jan 4:30 PM ET)
Highland Global Allocation Fund is a diversified, closed-end management investment company. The investment objective of the Fund is to seek long-term growth of capital and future income. The Fund seeks to achieve its investment objectives by investing in a portfolio of U.S. and foreign equity, debt and money market securities. It may also invest in senior loans to domestic or foreign corporations, partnerships and other entities that operate in a variety of industries and geographic regions.
Highland Global Allocation trades on the NYSE stock market under the symbol HGLB.
As of February 27, 2026, HGLB stock price climbed to $9.08 with 152,289 million shares trading.
HGLB has a beta of 0.86, meaning it tends to be less sensitive to market movements. HGLB has a correlation of 0.32 to the broad based SPY ETF.
HGLB has a market cap of $204.32 million. This is considered a Small Cap stock.
In the last 3 years, HGLB traded as high as $10.64 and as low as $6.42.
HGLB has outperformed the market in the last year with a price return of +23.4% while the SPY ETF gained +18.5%. However, in the short term, HGLB had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.2% vs +1.2% return in SPY. But in the last 2 weeks, HGLB shares have fared better than the market returning +4.9% compared to SPY +0.6%.
HGLB support price is $8.86 and resistance is $9.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HGLB shares will trade within this expected range on the day.
