Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Down 32.3% in February

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 108,426 shares, a decline of 32.3% from the February 12th total of 160,215 shares. Based on an average daily volume of 175,218 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 175,218 shares, the days-to-cover ratio is presently 0.6 days.

Insider Activity

In related news, insider Charles Clough, Jr. acquired 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average cost of $6.01 per share, for a total transaction of $210,350.00. Following the purchase, the insider owned 394,245 shares in the company, valued at $2,369,412.45. This trade represents a 9.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders acquired 36,213 shares of company stock worth $217,624.

Institutional Trading of Clough Global Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in Clough Global Opportunities Fund in the 2nd quarter worth approximately $54,000. Bank of America Corp DE increased its holdings in shares of Clough Global Opportunities Fund by 318.9% in the third quarter. Bank of America Corp DE now owns 13,112 shares of the investment management company’s stock worth $75,000 after purchasing an additional 9,982 shares during the period. Tactive Advisors LLC bought a new position in shares of Clough Global Opportunities Fund in the second quarter worth $76,000. NWF Advisory Services Inc. purchased a new stake in shares of Clough Global Opportunities Fund in the fourth quarter worth $85,000. Finally, Marex Group plc purchased a new stake in shares of Clough Global Opportunities Fund in the fourth quarter worth $113,000.

Clough Global Opportunities Fund Stock Down 0.7%

GLO stock traded down $0.04 during mid-day trading on Friday, reaching $5.67. 86,513 shares of the company traded hands, compared to its average volume of 257,517. Clough Global Opportunities Fund has a 52-week low of $4.32 and a 52-week high of $6.09. The company has a fifty day moving average price of $5.93 and a 200-day moving average price of $5.77.

Clough Global Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a $0.0537 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date is Wednesday, March 18th.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.