Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Large Increase in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 12,538 shares, a growth of 93.4% from the February 12th total of 6,484 shares. Based on an average daily volume of 39,281 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 39,281 shares, the short-interest ratio is currently 0.3 days.

Clough Global Dividend and Income Fund Stock Performance

GLV stock traded down $0.04 during midday trading on Thursday, hitting $6.03. 21,608 shares of the stock were exchanged, compared to its average volume of 45,198. The stock’s 50-day moving average price is $6.22 and its 200-day moving average price is $6.06. Clough Global Dividend and Income Fund has a fifty-two week low of $4.88 and a fifty-two week high of $6.41.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.0566 per share. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Wednesday, March 18th.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Large investors have recently added to or reduced their stakes in the business. Almitas Capital LLC acquired a new position in Clough Global Dividend and Income Fund during the fourth quarter worth about $115,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the third quarter valued at approximately $95,000. NWF Advisory Services Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 62.6% during the 4th quarter. NWF Advisory Services Inc. now owns 41,300 shares of the investment management company’s stock worth $247,000 after purchasing an additional 15,900 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new position in shares of Clough Global Dividend and Income Fund during the 4th quarter worth approximately $86,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Clough Global Dividend and Income Fund by 16.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 149,747 shares of the investment management company’s stock worth $894,000 after purchasing an additional 20,996 shares during the last quarter.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund (NYSEAMERICAN: GLV) is a closed-end management investment company designed to provide investors with a combination of high current income and the potential for long-term capital appreciation. The fund pursues its objectives by investing primarily in dividend-paying equity securities of companies located throughout developed and emerging markets. In addition to its global equity allocation, Clough Global Dividend and Income Fund may allocate a portion of its assets to fixed-income instruments, including high-yield corporate bonds and preferred securities, to enhance current income potential.

Established in 2016, the fund is advised by Clough Capital Partners, L.P., an investment management firm headquartered in Greenwood Village, Colorado.