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 significant growth in short interest in October. As of October 30th, there was short interest totaling 39,139 shares, a growth of 130.5% from the October 15th total of 16,979 shares. Based on an average daily volume of 25,042 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Clough Global Dividend and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Almitas Capital LLC bought a new position in shares of Clough Global Dividend and Income Fund in the second quarter valued at $735,000. North Ground Capital acquired a new position in Clough Global Dividend and Income Fund during the second quarter worth $607,560. Shaker Financial Services LLC increased its holdings in Clough Global Dividend and Income Fund by 72.7% during the third quarter. Shaker Financial Services LLC now owns 171,750 shares of the investment management company’s stock worth $994,000 after buying an additional 72,277 shares during the last quarter. Evolve Private Wealth LLC bought a new stake in Clough Global Dividend and Income Fund during the second quarter worth $442,000. Finally, Blue Bell Private Wealth Management LLC raised its position in Clough Global Dividend and Income Fund by 13.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 220,149 shares of the investment management company’s stock worth $1,275,000 after acquiring an additional 26,694 shares in the last quarter.

Clough Global Dividend and Income Fund Stock Down 0.9%

Shares of Clough Global Dividend and Income Fund stock opened at $5.76 on Friday. The stock’s fifty day simple moving average is $5.83 and its 200 day simple moving average is $6.14. Clough Global Dividend and Income Fund has a 12 month low of $5.65 and a 12 month high of $6.65.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be given a dividend of $0.0566 per share. This represents a $0.68 annualized dividend and a dividend yield of 11.8%. The ex-dividend date of this dividend is Thursday, December 17th.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund (NYSE American: GLV) is a closed-end investment fund that seeks to provide investors with current income and long-term capital appreciation. The fund is managed by Clough Capital Partners L.P., an investment management firm focused on global and alternative investment strategies. The fund invests across international markets and may hold a diversified portfolio of dividend-paying common and preferred stocks, income-producing securities, convertible securities, and other investments selected for their income potential and growth prospects.