Short Interest in Highland Global Allocation Fund (NASDAQ:HGLB) Decreases By 22.9%

Highland Global Allocation Fund (NASDAQ:HGLB) saw a significant drop in short interest in August. As of August 15th, there was short interest totaling 23,900 shares, a drop of 22.9% from the July 31st total of 31,000 shares. Based on an average daily trading volume, of 64,200 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 64,200 shares, the short-interest ratio is presently 0.4 days.

Highland Global Allocation Fund Stock Performance

HGLB stock opened at $8.88 on Wednesday. Highland Global Allocation Fund has a 52-week low of $6.62 and a 52-week high of $9.11. The stock’s fifty day simple moving average is $8.45 and its 200-day simple moving average is $8.30.

Highland Global Allocation Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were given a dividend of $0.088 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend was Friday, August 22nd.

Institutional Trading of Highland Global Allocation Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of Highland Global Allocation Fund during the fourth quarter worth about $32,000. Newbridge Financial Services Group Inc. bought a new stake in Highland Global Allocation Fund in the second quarter valued at about $44,000. NewEdge Advisors LLC bought a new stake in Highland Global Allocation Fund in the second quarter valued at about $90,000. Wedbush Securities Inc. bought a new stake in Highland Global Allocation Fund in the first quarter valued at about $93,000. Finally, International Assets Investment Management LLC bought a new stake in Highland Global Allocation Fund in the second quarter valued at about $94,000. 28.79% of the stock is owned by hedge funds and other institutional investors.

Highland Global Allocation Fund Company Profile

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.