Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Large Increase in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 9,104 shares, a growth of 105.8% from the May 31st total of 4,423 shares. Based on an average daily trading volume, of 62,877 shares, the days-to-cover ratio is presently 0.1 days.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund stock traded up $0.07 during trading hours on Tuesday, reaching $6.60. The stock had a trading volume of 42,218 shares, compared to its average volume of 43,528. The company has a fifty day simple moving average of $6.28 and a 200-day simple moving average of $6.17. Clough Global Dividend and Income Fund has a 52 week low of $5.55 and a 52 week high of $6.61.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be paid a $0.0566 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 10.3%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of GLV. Royal Bank of Canada grew its position in shares of Clough Global Dividend and Income Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock worth $4,096,000 after buying an additional 19,977 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Clough Global Dividend and Income Fund by 6.3% during the second quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock valued at $381,000 after acquiring an additional 3,948 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Clough Global Dividend and Income Fund by 5,017.2% in the second quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock worth $224,000 after acquiring an additional 38,733 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Clough Global Dividend and Income Fund in the third quarter valued at $95,000. Finally, Alpine Global Management LLC purchased a new position in Clough Global Dividend and Income Fund during the 3rd quarter valued at $1,620,000.

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.