Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 347.1% in July

Posted by Don Miller on Jul 26th, 2024

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 15,200 shares, an increase of 347.1% from the June 30th total of 3,400 shares. Based on an average trading volume of 57,200 shares, the short-interest ratio is presently 0.3 days.

Clough Global Dividend and Income Fund Stock Up 1.2 %

Clough Global Dividend and Income Fund stock traded up $0.07 during midday trading on Friday, hitting $5.75. 66,621 shares of the stock were exchanged, compared to its average volume of 54,748. Clough Global Dividend and Income Fund has a 1 year low of $4.70 and a 1 year high of $5.93.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 22nd will be paid a dividend of $0.0526 per share. This represents a dividend yield of 10.9%. The ex-dividend date of this dividend is Friday, July 19th.

Institutional Trading of Clough Global Dividend and Income Fund

A hedge fund recently raised its stake in Clough Global Dividend and Income Fund stock. Matisse Capital grew its position in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Free Report) by 538.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,767 shares of the investment management company’s stock after acquiring an additional 235,137 shares during the quarter. Matisse Capital’s holdings in Clough Global Dividend and Income Fund were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

About Clough Global Dividend and Income Fund

(Get Free Report)

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.