Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Significant Growth in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 96,200 shares, a growth of 695.0% from the June 30th total of 12,100 shares. Based on an average daily volume of 158,500 shares, the short-interest ratio is currently 0.6 days.

Insiders Place Their Bets

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. acquired 50,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $4.94 per share, with a total value of $247,000.00. Following the transaction, the insider now owns 350,445 shares of the company’s stock, valued at approximately $1,731,198.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Clough Global Opportunities Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC raised its position in shares of Clough Global Opportunities Fund by 12.5% in the first quarter. Blue Bell Private Wealth Management LLC now owns 22,641 shares of the investment management company’s stock valued at $115,000 after buying an additional 2,510 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Clough Global Opportunities Fund in the first quarter valued at approximately $295,000. Kayne Anderson Capital Advisors LP acquired a new position in shares of Clough Global Opportunities Fund in the fourth quarter valued at approximately $367,000. FinTrust Capital Advisors LLC grew its holdings in Clough Global Opportunities Fund by 89.1% in the first quarter. FinTrust Capital Advisors LLC now owns 109,241 shares of the investment management company’s stock valued at $555,000 after purchasing an additional 51,465 shares during the period. Finally, Matisse Capital grew its holdings in Clough Global Opportunities Fund by 485.4% in the fourth quarter. Matisse Capital now owns 319,331 shares of the investment management company’s stock valued at $1,501,000 after purchasing an additional 264,778 shares during the period.

Clough Global Opportunities Fund Trading Up 0.2 %

Shares of NYSEAMERICAN GLO traded up $0.01 during midday trading on Thursday, hitting $5.28. The company had a trading volume of 142,740 shares, compared to its average volume of 156,198. Clough Global Opportunities Fund has a twelve month low of $4.08 and a twelve month high of $5.60.

Clough Global Opportunities Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 22nd will be given a dividend of $0.048 per share. This represents a yield of 10.77%. The ex-dividend date of this dividend is Friday, July 19th.

Clough Global Opportunities Fund Company Profile

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.