Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Update

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 35,063 shares, a decrease of 59.8% from the December 15th total of 87,152 shares. Based on an average trading volume of 144,548 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 144,548 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling

In other news, insider Charles Clough, Jr. acquired 35,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were purchased at an average cost of $6.01 per share, for a total transaction of $210,350.00. Following the transaction, the insider directly owned 394,245 shares of the company’s stock, valued at approximately $2,369,412.45. This trade represents a 9.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have purchased 36,213 shares of company stock worth $217,624.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. TrueMark Investments LLC increased its stake in Clough Global Opportunities Fund by 2.5% in the 4th quarter. TrueMark Investments LLC now owns 199,917 shares of the investment management company’s stock worth $1,132,000 after buying an additional 4,917 shares during the period. CoreCap Advisors LLC increased its position in shares of Clough Global Opportunities Fund by 1,045.2% during the fourth quarter. CoreCap Advisors LLC now owns 48,100 shares of the investment management company’s stock worth $272,000 after acquiring an additional 43,900 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of Clough Global Opportunities Fund by 5.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 56,526 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 2,974 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Clough Global Opportunities Fund in the third quarter valued at approximately $2,870,000. Finally, Verition Fund Management LLC boosted its holdings in shares of Clough Global Opportunities Fund by 49.8% in the third quarter. Verition Fund Management LLC now owns 421,234 shares of the investment management company’s stock valued at $2,401,000 after purchasing an additional 140,000 shares during the period.

Clough Global Opportunities Fund Stock Up 0.8%

Shares of NYSEAMERICAN:GLO traded up $0.05 during trading hours on Friday, hitting $6.04. 1,327,007 shares of the company’s stock traded hands, compared to its average volume of 395,721. The business has a fifty day moving average price of $5.71 and a 200-day moving average price of $5.63. Clough Global Opportunities Fund has a 1 year low of $4.32 and a 1 year high of $6.09.

Clough Global Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be paid a $0.0537 dividend. The ex-dividend date is Wednesday, March 18th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.