Highland Global Allocation Fund (NASDAQ:HGLB) Shares Down 0.4%

Highland Global Allocation Fund (NASDAQ:HGLB) shares traded down 0.4% during trading on Wednesday . The company traded as low as $7.77 and last traded at $7.80. 58,059 shares were traded during mid-day trading, a decline of 16% from the average session volume of 69,437 shares. The stock had previously closed at $7.83.

Highland Global Allocation Fund Stock Performance

The firm’s 50 day moving average price is $7.74 and its two-hundred day moving average price is $7.53.

Hedge Funds Weigh In On Highland Global Allocation Fund

A number of institutional investors have recently bought and sold shares of HGLB. Hartline Investment Corp bought a new position in shares of Highland Global Allocation Fund in the first quarter valued at about $116,000. Eagle Rock Investment Company LLC acquired a new position in Highland Global Allocation Fund in the 1st quarter valued at about $230,000. BOKF NA raised its holdings in Highland Global Allocation Fund by 3.8% in the 1st quarter. BOKF NA now owns 82,753 shares of the company’s stock valued at $628,000 after acquiring an additional 3,034 shares during the period. Sovereign Financial Group Inc. lifted its position in Highland Global Allocation Fund by 6.2% during the first quarter. Sovereign Financial Group Inc. now owns 164,770 shares of the company’s stock worth $1,262,000 after acquiring an additional 9,658 shares during the last quarter. Finally, Quantedge Capital Pte Ltd boosted its holdings in shares of Highland Global Allocation Fund by 14.7% during the fourth quarter. Quantedge Capital Pte Ltd now owns 191,283 shares of the company’s stock worth $1,503,000 after acquiring an additional 24,500 shares during the period. Institutional investors and hedge funds own 28.79% of the company’s stock.

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.