Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Down 23.0% in December

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 17,096 shares, a drop of 23.0% from the December 15th total of 22,210 shares. Based on an average trading volume of 28,609 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 28,609 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GLV. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Clough Global Dividend and Income Fund in the second quarter worth approximately $99,618,000. Shaker Financial Services LLC purchased a new stake in Clough Global Dividend and Income Fund in the second quarter worth $2,480,000. Alpine Global Management LLC bought a new stake in shares of Clough Global Dividend and Income Fund during the third quarter worth $1,620,000. TrueMark Investments LLC purchased a new stake in shares of Clough Global Dividend and Income Fund during the third quarter valued at $359,000. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Clough Global Dividend and Income Fund by 55.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 128,751 shares of the investment management company’s stock worth $766,000 after purchasing an additional 45,841 shares during the last quarter.

Clough Global Dividend and Income Fund Stock Performance

Shares of NYSEAMERICAN GLV traded up $0.09 during trading hours on Monday, hitting $6.32. 91,555 shares of the company traded hands, compared to its average volume of 40,441. Clough Global Dividend and Income Fund has a 12 month low of $4.88 and a 12 month high of $6.35. The company’s 50 day moving average price is $6.06 and its 200 day moving average price is $5.91.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a dividend of $0.0566 per share. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Wednesday, March 18th.

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.