Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) shares shot up 0.5% during mid-day trading on Friday . The stock traded as high as $7.78 and last traded at $7.75. 37,476 shares were traded during trading, a decline of 45% from the average session volume of 67,940 shares. The stock had previously closed at $7.71.
Highland Global Allocation Fund Stock Performance
The firm’s 50-day moving average is $7.81 and its 200 day moving average is $7.57.
Highland Global Allocation Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th will be given a $0.081 dividend. This represents a $0.97 annualized dividend and a dividend yield of 12.54%. The ex-dividend date is Tuesday, December 24th.
Institutional Investors Weigh In On Highland Global Allocation Fund
About Highland Global Allocation Fund
Highland Global Allocation Fund is a closed-end fund designed to provide low correlation to U.S. equity market.
Thr fund applies global thematic investment style, pursuing investments that management team views as undervalued, built around high-conviction themes.
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