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

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 38,605 shares, a growth of 124.2% from the May 31st total of 17,220 shares. Based on an average trading volume of 111,710 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pathstone Holdings LLC bought a new position in shares of Clough Global Opportunities Fund in the third quarter worth approximately $6,861,000. Alpine Global Management LLC bought a new stake in Clough Global Opportunities Fund during the third quarter valued at approximately $2,870,000. Saba Capital Management L.P. grew its stake in Clough Global Opportunities Fund by 14.1% in the 4th quarter. Saba Capital Management L.P. now owns 3,045,940 shares of the investment management company’s stock worth $17,240,000 after buying an additional 377,341 shares in the last quarter. Almitas Capital LLC grew its stake in Clough Global Opportunities Fund by 60.7% in the 4th quarter. Almitas Capital LLC now owns 790,286 shares of the investment management company’s stock worth $4,473,000 after buying an additional 298,428 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Clough Global Opportunities Fund by 91.3% in the 1st quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock worth $2,346,000 after buying an additional 201,001 shares in the last quarter.

Clough Global Opportunities Fund Stock Down 0.2%

Shares of GLO traded down $0.01 during mid-day trading on Wednesday, reaching $6.11. 138,529 shares of the stock traded hands, compared to its average volume of 183,554. Clough Global Opportunities Fund has a 1 year low of $5.33 and a 1 year high of $6.15. The firm has a fifty day moving average price of $5.93 and a 200 day moving average price of $5.85.

Clough Global Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th were issued a $0.0537 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 10.5%.

Clough Global Opportunities Fund Company Profile

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.