Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Expands By 135.2%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 12,948 shares, a growth of 135.2% from the June 30th total of 5,505 shares. Based on an average trading volume of 38,896 shares, the days-to-cover ratio is currently 0.3 days.

Clough Global Dividend and Income Fund Trading Up 0.3%

Shares of GLV traded up $0.02 during trading hours on Thursday, hitting $6.27. The company had a trading volume of 32,838 shares, compared to its average volume of 43,886. Clough Global Dividend and Income Fund has a one year low of $5.55 and a one year high of $6.65. The company’s fifty day moving average price is $6.41 and its two-hundred day moving average price is $6.24.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be given a dividend of $0.0566 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Thursday, September 17th.

Institutional Trading of Clough Global Dividend and Income Fund

A number of institutional investors have recently modified their holdings of the company. Saba Capital Management L.P. raised its stake in shares of 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 worth $5,198,000 after acquiring an additional 242,420 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in Clough Global Dividend and Income Fund in the fourth quarter worth $835,000. Evolve Private Wealth LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter worth $431,000. Osaic Holdings Inc. increased its position in shares of 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 in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Clough Global Dividend and Income Fund by 30.6% during the 4th quarter. Wells Fargo & Company MN now owns 106,619 shares of the investment management company’s stock valued at $637,000 after purchasing an additional 24,988 shares during the last quarter.

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.