HGLB - Watch for Continued Gains in Shares of Highland Global Allocation Fund (HGLB)
Highland Global Allocation Fund (NYSE:HGLB) traded at a new 52-week high today of $9.05. So far today approximately 83,000 shares have been exchanged, as compared to an average 30-day volume of 192,000 shares.
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 Fund share prices have moved between a 52-week high of $9.05 and a 52-week low of $4.75 and are now trading 90% above that low price at $9.02 per share.
Based on a current price of $9.02, Highland Global Allocation Fund is currently 3.1% above its average consensus analyst price target of $8.74.
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