Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Update

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 22,210 shares, a decline of 24.1% from the November 30th total of 29,264 shares. Based on an average daily trading volume, of 28,994 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 28,994 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A number of hedge funds have recently added to or reduced their stakes in GLV. Allworth Financial LP purchased a new position in Clough Global Dividend and Income Fund in the 2nd quarter valued at approximately $51,000. NWF Advisory Services Inc. purchased a new stake in shares of Clough Global Dividend and Income Fund during the second quarter worth $59,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the third quarter valued at $95,000. Wolverine Asset Management LLC boosted its holdings in Clough Global Dividend and Income Fund by 147.4% in the second quarter. Wolverine Asset Management LLC now owns 20,585 shares of the investment management company’s stock valued at $117,000 after purchasing an additional 12,265 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Clough Global Dividend and Income Fund by 5,017.2% during the 2nd quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock worth $224,000 after purchasing an additional 38,733 shares in the last quarter.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund stock traded down $0.01 during midday trading on Tuesday, reaching $5.96. 22,328 shares of the stock traded hands, compared to its average volume of 31,920. The company has a 50-day simple moving average of $6.04 and a two-hundred day simple moving average of $5.86. Clough Global Dividend and Income Fund has a 12-month low of $4.88 and a 12-month high of $6.35.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.0526 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 10.6%.

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.