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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 21,087 shares, an increase of 68.2% from the February 26th total of 12,538 shares. Based on an average daily volume of 34,864 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Saba Capital Management L.P. increased its holdings in Clough Global Dividend and Income Fund by 38.6% during the 4th quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock worth $5,198,000 after purchasing an additional 242,420 shares during the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of Clough Global Dividend and Income Fund by 0.3% during the 4th quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock valued at $3,208,000 after buying an additional 1,605 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Clough Global Dividend and Income Fund during the 4th quarter valued at approximately $835,000. Wells Fargo & Company MN increased its stake in shares of Clough Global Dividend and Income Fund by 30.6% in the fourth quarter. Wells Fargo & Company MN now owns 106,619 shares of the investment management company’s stock worth $637,000 after buying an additional 24,988 shares during the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in Clough Global Dividend and Income Fund in the fourth quarter valued at $431,000.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund stock traded down $0.06 during midday trading on Friday, hitting $5.87. 30,277 shares of the stock were exchanged, compared to its average volume of 42,189. Clough Global Dividend and Income Fund has a 1 year low of $4.88 and a 1 year high of $6.41. The company has a 50 day moving average price of $6.18 and a two-hundred day moving average price of $6.07.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.0566 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Wednesday, March 18th.

Clough Global Dividend and Income Fund Company Profile

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.