Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Increases By 59.5%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 5,900 shares, an increase of 59.5% from the August 15th total of 3,700 shares. Based on an average daily volume of 50,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in Clough Global Dividend and Income Fund during the second quarter worth approximately $132,000. Almitas Capital LLC lifted its holdings in shares of Clough Global Dividend and Income Fund by 57.7% during the 2nd quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after acquiring an additional 81,718 shares in the last quarter. Cornerstone Advisors LLC lifted its holdings in shares of Clough Global Dividend and Income Fund by 4.7% during the 2nd quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock valued at $1,453,000 after acquiring an additional 11,436 shares in the last quarter. Blue Bell Private Wealth Management LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the 2nd quarter valued at $193,000. Finally, Shaker Financial Services LLC increased its stake in Clough Global Dividend and Income Fund by 254.1% during the 2nd quarter. Shaker Financial Services LLC now owns 64,508 shares of the investment management company’s stock worth $368,000 after buying an additional 46,293 shares during the period.

Clough Global Dividend and Income Fund Price Performance

Shares of GLV traded up $0.03 during mid-day trading on Friday, reaching $5.80. 22,658 shares of the company’s stock were exchanged, compared to its average volume of 53,778. Clough Global Dividend and Income Fund has a 52-week low of $4.70 and a 52-week high of $5.94.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 22nd were paid a dividend of $0.0526 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a dividend yield of 10.9%.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.