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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,948 shares, an increase of 135.2% from the June 30th total of 5,505 shares. Based on an average trading volume of 38,896 shares, the days-to-cover ratio is presently 0.3 days.

Clough Global Dividend and Income Fund Price Performance

NYSEAMERICAN:GLV traded down $0.01 on Tuesday, reaching $6.25. The company’s stock had a trading volume of 2,435 shares, compared to its average volume of 43,690. Clough Global Dividend and Income Fund has a 12-month low of $5.55 and a 12-month high of $6.65. The stock has a 50 day moving average price of $6.41 and a 200 day moving average price of $6.24.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be given a $0.0566 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 10.9%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL acquired a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at about $60,000. Closed End Fund Advisors Inc. acquired a new position in shares of Clough Global Dividend and Income Fund in the 4th quarter worth approximately $86,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Clough Global Dividend and Income Fund during the 3rd quarter worth approximately $95,000. Fifth Third Bancorp purchased a new position in shares of Clough Global Dividend and Income Fund during the 1st quarter worth approximately $112,000. Finally, Almitas Capital LLC acquired a new stake in Clough Global Dividend and Income Fund in the 4th quarter valued at approximately $115,000.

About Clough Global Dividend and Income Fund

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.