Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Large Decrease in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 85,000 shares, a decrease of 43.1% from the February 28th total of 149,500 shares. Based on an average daily trading volume, of 161,500 shares, the days-to-cover ratio is presently 0.5 days.

Clough Global Opportunities Fund Stock Performance

Shares of GLO opened at $4.97 on Friday. Clough Global Opportunities Fund has a fifty-two week low of $4.82 and a fifty-two week high of $5.60. The business has a 50-day simple moving average of $5.14.

Clough Global Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0501 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.60 annualized dividend and a dividend yield of 12.10%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in Clough Global Opportunities Fund in the 4th quarter worth about $770,000. Alpine Global Management LLC increased its holdings in Clough Global Opportunities Fund by 24.4% in the 4th quarter. Alpine Global Management LLC now owns 300,000 shares of the investment management company’s stock worth $1,536,000 after acquiring an additional 58,756 shares in the last quarter. Saba Capital Management L.P. increased its stake in shares of Clough Global Opportunities Fund by 2.3% in the fourth quarter. Saba Capital Management L.P. now owns 2,396,426 shares of the investment management company’s stock worth $12,270,000 after purchasing an additional 53,560 shares in the last quarter. Bulldog Investors LLP raised its holdings in Clough Global Opportunities Fund by 117.5% during the fourth quarter. Bulldog Investors LLP now owns 254,583 shares of the investment management company’s stock valued at $1,303,000 after acquiring an additional 137,542 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in Clough Global Opportunities Fund in the 4th quarter worth approximately $2,463,000.

About Clough Global Opportunities Fund

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.