Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Down 62.8% in May

Clough Global Opportunities Fund (NYSEAMERICAN:GLO – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 17,220 shares, a decline of 62.8% from the May 14th total of 46,238 shares. Based on an average daily trading volume, of 146,064 shares, the days-to-cover ratio is presently 0.1 days.

Clough Global Opportunities Fund Trading Up 0.9%

Clough Global Opportunities Fund stock traded up $0.05 during mid-day trading on Friday, hitting $5.90. The company’s stock had a trading volume of 53,876 shares, compared to its average volume of 187,637. Clough Global Opportunities Fund has a twelve month low of $5.20 and a twelve month high of $6.10. The stock’s fifty day moving average price is $5.87 and its two-hundred day moving average price is $5.82.

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Clough Global Opportunities 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 dividend of $0.0537 per share. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Wednesday, June 17th.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLO. Pathstone Holdings LLC purchased a new position in Clough Global Opportunities Fund during the 3rd quarter worth approximately $6,861,000. Alpine Global Management LLC purchased a new position in Clough Global Opportunities Fund during the 3rd quarter worth approximately $2,870,000. Saba Capital Management L.P. grew its position in Clough Global Opportunities Fund by 14.1% during the 4th quarter. Saba Capital Management L.P. now owns 3,045,940 shares of the investment management company’s stock worth $17,240,000 after purchasing an additional 377,341 shares in the last quarter. Almitas Capital LLC grew its position in Clough Global Opportunities Fund by 60.7% during the 4th quarter. Almitas Capital LLC now owns 790,286 shares of the investment management company’s stock worth $4,473,000 after purchasing an additional 298,428 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Clough Global Opportunities Fund by 91.3% during the 1st quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock worth $2,346,000 after purchasing an additional 201,001 shares in the last quarter.

Clough Global Opportunities Fund Company Profile

(Get Free Report)

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.

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