Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 12.8% in October

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 43,300 shares, a growth of 12.8% from the September 30th total of 38,400 shares. Based on an average trading volume of 43,800 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in GLV. Almitas Capital LLC increased its stake in 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 worth $1,273,000 after buying an additional 81,718 shares during the period. 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. Blue Bell Private Wealth Management LLC purchased a new stake in Clough Global Dividend and Income Fund during the 2nd quarter worth $193,000. Sanctuary Advisors LLC purchased a new stake in Clough Global Dividend and Income Fund during the 2nd quarter worth $132,000. Finally, Cornerstone Advisors LLC increased its position in shares of Clough Global Dividend and Income Fund by 4.7% in the 2nd quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock worth $1,453,000 after purchasing an additional 11,436 shares during the last quarter.

Clough Global Dividend and Income Fund Stock Performance

Shares of NYSEAMERICAN:GLV traded down $0.13 during midday trading on Thursday, hitting $5.72. 44,690 shares of the company’s stock traded hands, compared to its average volume of 51,463. Clough Global Dividend and Income Fund has a twelve month low of $4.70 and a twelve month high of $6.30.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.0526 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.63 annualized dividend and a dividend yield of 11.03%.

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.