Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Clough Global Opportunities Fund (NYSEAMERICAN:GLO)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.64 and traded as high as $5.72. Clough Global Opportunities Fund shares last traded at $5.71, with a volume of 130,381 shares changing hands.

Clough Global Opportunities Fund Stock Up 0.7%

The stock’s 50 day moving average price is $5.64 and its two-hundred day moving average price is $5.35.

Clough Global Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a dividend of $0.0501 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%.

Insider Activity

In other news, insider Charles Clough, Jr. purchased 8,800 shares of Clough Global Opportunities Fund stock in a transaction dated Friday, September 5th. The stock was acquired at an average cost of $5.62 per share, for a total transaction of $49,456.00. Following the acquisition, the insider directly owned 359,245 shares in the company, valued at $2,018,956.90. This represents a 2.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new stake in Clough Global Opportunities Fund in the first quarter valued at approximately $26,000. Allworth Financial LP acquired a new position in shares of Clough Global Opportunities Fund during the 2nd quarter worth $54,000. Tactive Advisors LLC bought a new position in shares of Clough Global Opportunities Fund during the 2nd quarter valued at $76,000. Transcend Capital Advisors LLC lifted its stake in shares of Clough Global Opportunities Fund by 31.5% in the 1st quarter. Transcend Capital Advisors LLC now owns 27,950 shares of the investment management company’s stock valued at $137,000 after purchasing an additional 6,700 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Clough Global Opportunities Fund in the 2nd quarter valued at $161,000.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.