Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Large Decrease in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLVGet Free Report) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,505 shares, a drop of 39.5% from the June 15th total of 9,104 shares. Based on an average trading volume of 55,004 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Clough Global Dividend and Income Fund

A number of large investors have recently made changes to their positions in GLV. Osaic Holdings Inc. lifted its holdings in shares of Clough Global Dividend and Income Fund by 18.7% during the 4th quarter. Osaic Holdings Inc. now owns 63,536 shares of the investment management company’s stock valued at $379,000 after purchasing an additional 10,019 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Clough Global Dividend and Income Fund by 6.3% in the 2nd quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock valued at $381,000 after buying an additional 3,948 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at $431,000. Advisors Asset Management Inc. acquired a new position in Clough Global Dividend and Income Fund during the fourth quarter worth $835,000. Finally, Alpine Global Management LLC bought a new stake in Clough Global Dividend and Income Fund during the third quarter worth $1,620,000.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund stock traded down $0.02 during trading hours on Friday, hitting $6.43. 19,423 shares of the stock were exchanged, compared to its average volume of 43,213. The business’s 50-day moving average is $6.40 and its two-hundred day moving average is $6.22. Clough Global Dividend and Income Fund has a 12 month low of $5.55 and a 12 month high of $6.65.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be paid a dividend of $0.0566 per share. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Thursday, September 17th.

About Clough Global Dividend and Income Fund

(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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