Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Drops By 61.3%

Posted by Grant Hamersma on Jan 31st, 2025

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 29,500 shares, a drop of 61.3% from the December 31st total of 76,200 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Clough Global Dividend and Income Fund stock. Sanctuary Advisors LLC lifted its position in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Free Report) by 300.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,310 shares of the investment management company’s stock after acquiring an additional 73,740 shares during the quarter. Sanctuary Advisors LLC’s holdings in Clough Global Dividend and Income Fund were worth $562,000 as of its most recent SEC filing.

Clough Global Dividend and Income Fund Stock Performance

NYSEAMERICAN GLV traded down $0.02 during mid-day trading on Friday, reaching $5.50. 13,878 shares of the company’s stock traded hands, compared to its average volume of 27,566. Clough Global Dividend and Income Fund has a 1-year low of $5.13 and a 1-year high of $6.30.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a $0.0526 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.63 annualized dividend and a dividend yield of 11.49%.

Clough Global Dividend and Income Fund Company Profile

(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.