Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Significant Growth in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 12,538 shares, a growth of 93.4% from the February 12th total of 6,484 shares. Based on an average daily volume of 39,281 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 39,281 shares, the short-interest ratio is currently 0.3 days.

Clough Global Dividend and Income Fund Price Performance

Shares of GLV traded up $0.06 during trading hours on Friday, reaching $6.09. 12,531 shares of the company traded hands, compared to its average volume of 44,531. The business has a fifty day moving average price of $6.22 and a 200-day moving average price of $6.06. Clough Global Dividend and Income Fund has a 12-month low of $4.88 and a 12-month high of $6.41.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.0566 per share. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Wednesday, March 18th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Clough Global Dividend and Income Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after purchasing an additional 19,977 shares during the period. Allworth Financial LP acquired a new stake in shares of Clough Global Dividend and Income Fund in the second quarter valued at approximately $51,000. Raymond James Financial Inc. raised its holdings in shares of Clough Global Dividend and Income Fund by 6.3% during the 2nd quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock worth $381,000 after acquiring an additional 3,948 shares during the period. Osaic Holdings Inc. raised its stake in Clough Global Dividend and Income Fund by 5,017.2% during the second quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock worth $224,000 after purchasing an additional 38,733 shares during the period. Finally, NWF Advisory Services Inc. acquired a new position in Clough Global Dividend and Income Fund in the 2nd quarter valued at about $59,000.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund (NYSEAMERICAN: GLV) is a closed-end management investment company designed to provide investors with a combination of high current income and the potential for long-term capital appreciation. The fund pursues its objectives by investing primarily in dividend-paying equity securities of companies located throughout developed and emerging markets. In addition to its global equity allocation, Clough Global Dividend and Income Fund may allocate a portion of its assets to fixed-income instruments, including high-yield corporate bonds and preferred securities, to enhance current income potential.

Established in 2016, the fund is advised by Clough Capital Partners, L.P., an investment management firm headquartered in Greenwood Village, Colorado.