Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Significant Growth in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 95,800 shares, an increase of 19.5% from the October 31st total of 80,200 shares. Based on an average trading volume of 40,100 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GLV. Sanctuary Advisors LLC boosted its position in shares of Clough Global Dividend and Income Fund by 300.1% in the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock worth $562,000 after buying an additional 73,740 shares during the period. Rivernorth Capital Management LLC increased its holdings in shares of Clough Global Dividend and Income Fund by 2.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock valued at $2,178,000 after purchasing an additional 10,197 shares during the period. Almitas Capital LLC lifted its position in shares of Clough Global Dividend and Income Fund by 57.7% in the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock worth $1,273,000 after purchasing an additional 81,718 shares in the last quarter. Cornerstone Advisors LLC boosted its holdings in shares of Clough Global Dividend and Income Fund by 4.7% during the second 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 period. Finally, Blue Bell Private Wealth Management LLC purchased a new position in Clough Global Dividend and Income Fund during the second quarter valued at approximately $193,000.

Clough Global Dividend and Income Fund Price Performance

Shares of Clough Global Dividend and Income Fund stock opened at $5.77 on Tuesday. Clough Global Dividend and Income Fund has a 12-month low of $5.01 and a 12-month high of $6.30.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0526 per share. This represents a $0.63 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date of this dividend is Monday, December 16th.

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.