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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLVGet Free Report) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 8,536 shares, a decrease of 58.7% from the April 15th total of 20,675 shares. Based on an average trading volume of 34,207 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Saba Capital Management L.P. raised its position in shares of Clough Global Dividend and Income Fund by 38.6% in the fourth quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock worth $5,198,000 after acquiring an additional 242,420 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter worth about $835,000. Wells Fargo & Company MN increased its stake in shares of Clough Global Dividend and Income Fund by 30.6% during the fourth quarter. Wells Fargo & Company MN now owns 106,619 shares of the investment management company’s stock worth $637,000 after purchasing an additional 24,988 shares in the last quarter. Evolve Private Wealth LLC purchased a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter worth about $431,000. Finally, Osaic Holdings Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 18.7% during the fourth quarter. Osaic Holdings Inc. now owns 63,536 shares of the investment management company’s stock worth $379,000 after purchasing an additional 10,019 shares in the last quarter.

Clough Global Dividend and Income Fund Trading Down 0.6%

Shares of Clough Global Dividend and Income Fund stock traded down $0.04 during trading hours on Friday, reaching $6.29. The stock had a trading volume of 50,419 shares, compared to its average volume of 41,069. The stock’s 50 day moving average is $6.05 and its 200 day moving average is $6.11. Clough Global Dividend and Income Fund has a twelve month low of $5.36 and a twelve month high of $6.41.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be given a $0.0566 dividend. The ex-dividend date is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

Clough Global Dividend and Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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