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Highland Global Allocation Fund Declares Monthly Distributions of $0.085 Per Share
PRNewswire (Wed, 1-Apr 10:37 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 May 22, 2026, HGLB stock price declined to $8.04 with 91,285 million shares trading.
HGLB has a beta of 1.12, meaning it tends to be more sensitive to market movements. HGLB has a correlation of 0.33 to the broad based SPY ETF.
HGLB has a market cap of $180.92 million. This is considered a Micro Cap stock.
In the last 3 years, HGLB traded as high as $10.64 and as low as $6.42.
HGLB has underperformed the market in the last year with a price return of +9.8% while the SPY ETF gained +29.1%. HGLB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.0% and -1.4%, respectively, while the SPY returned +8.4% and +1.1%, respectively.
HGLB support price is $8.03 and resistance is $8.30 (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.
