Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Increases By 93.7%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 18,400 shares, a growth of 93.7% from the March 31st total of 9,500 shares. Based on an average trading volume of 52,400 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL bought a new stake in shares of Clough Global Dividend and Income Fund during the 3rd quarter valued at $50,000. Cornerstone Advisors LLC raised its position in shares of Clough Global Dividend and Income Fund by 152.4% during the 3rd quarter. Cornerstone Advisors LLC now owns 176,759 shares of the investment management company’s stock valued at $878,000 after acquiring an additional 106,725 shares during the last quarter. Finally, Matisse Capital raised its position in shares of Clough Global Dividend and Income Fund by 538.9% during the 4th quarter. Matisse Capital now owns 278,767 shares of the investment management company’s stock valued at $1,435,000 after acquiring an additional 235,137 shares during the last quarter.

Clough Global Dividend and Income Fund Price Performance

Shares of GLV traded up $0.01 on Friday, hitting $5.38. The company’s stock had a trading volume of 88,385 shares, compared to its average volume of 53,325. Clough Global Dividend and Income Fund has a fifty-two week low of $4.70 and a fifty-two week high of $5.88.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.0526 per share. This represents a $0.63 annualized dividend and a yield of 11.74%. The ex-dividend date is Thursday, May 16th.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.