Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Expands By 68.2%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 21,087 shares, a growth of 68.2% from the February 26th total of 12,538 shares. Based on an average trading volume of 34,864 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alpine Global Management LLC purchased a new stake in Clough Global Dividend and Income Fund in the 3rd quarter worth about $1,620,000. Saba Capital Management L.P. boosted its holdings in Clough Global Dividend and Income Fund by 38.6% during the 4th quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock valued at $5,198,000 after acquiring an additional 242,420 shares during the period. Advisors Asset Management Inc. purchased a new position in Clough Global Dividend and Income Fund during the 4th quarter valued at $835,000. Evolve Private Wealth LLC bought a new position in Clough Global Dividend and Income Fund in the 4th quarter valued at $431,000. Finally, TrueMark Investments LLC purchased a new stake in Clough Global Dividend and Income Fund in the third quarter worth $359,000.

Clough Global Dividend and Income Fund Trading Down 1.0%

Shares of GLV stock traded down $0.06 on Friday, reaching $5.87. The company’s stock had a trading volume of 30,277 shares, compared to its average volume of 42,189. The stock’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.07. Clough Global Dividend and Income Fund has a 1 year low of $4.88 and a 1 year high of $6.41.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.0566 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Wednesday, March 18th.

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.