Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Drops By 39.5%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,505 shares, a drop of 39.5% from the June 15th total of 9,104 shares. Based on an average daily trading volume, of 55,004 shares, the days-to-cover ratio is currently 0.1 days.

Clough Global Dividend and Income Fund Trading Up 0.5%

Shares of NYSEAMERICAN GLV traded up $0.04 during trading on Thursday, reaching $6.50. The company had a trading volume of 5,217 shares, compared to its average volume of 43,113. Clough Global Dividend and Income Fund has a 52 week low of $5.55 and a 52 week high of $6.65. The business’s 50 day moving average price is $6.39 and its 200-day moving average price is $6.22.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be issued a dividend of $0.0566 per share. The ex-dividend date of this dividend is Thursday, September 17th. This represents a c) annualized dividend and a yield of 10.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. increased its stake in shares of Clough Global Dividend and Income Fund by 38.6% in 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 buying an additional 242,420 shares during the period. Royal Bank of Canada lifted its stake in shares of Clough Global Dividend and Income Fund by 2.7% during the first quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after acquiring an additional 19,977 shares during the period. Rivernorth Capital Management LLC boosted its holdings in Clough Global Dividend and Income Fund by 0.3% in the fourth quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock valued at $3,208,000 after acquiring an additional 1,605 shares during the last quarter. Alpine Global Management LLC bought a new position in Clough Global Dividend and Income Fund in the third quarter valued at about $1,620,000. Finally, Blue Bell Private Wealth Management LLC increased its position in Clough Global Dividend and Income Fund by 16.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 149,747 shares of the investment management company’s stock worth $894,000 after purchasing an additional 20,996 shares during the period.

Clough Global Dividend and Income Fund Company Profile

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.