Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Down 49.9% in May

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 4,423 shares, a decrease of 49.9% from the May 14th total of 8,833 shares. Based on an average daily volume of 35,982 shares, the days-to-cover ratio is presently 0.1 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 GLV. Royal Bank of Canada increased its stake in shares of Clough Global Dividend and Income Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock worth $4,096,000 after acquiring an additional 19,977 shares during the period. Raymond James Financial Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 6.3% in the second quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock worth $381,000 after acquiring an additional 3,948 shares during the period. Osaic Holdings Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 5,017.2% in the second quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock worth $224,000 after acquiring an additional 38,733 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the third quarter worth $95,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the third quarter worth $1,620,000.

Clough Global Dividend and Income Fund Stock Up 2.0%

Shares of NYSEAMERICAN:GLV traded up $0.13 during midday trading on Monday, reaching $6.48. The company’s stock had a trading volume of 58,598 shares, compared to its average volume of 42,780. Clough Global Dividend and Income Fund has a twelve month low of $5.50 and a twelve month high of $6.50. The stock has a fifty day moving average of $6.20 and a 200 day moving average of $6.14.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be paid a $0.0566 dividend. The ex-dividend date is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

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.