Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 74.5% in January

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 26,000 shares, an increase of 74.5% from the January 15th total of 14,900 shares. Based on an average trading volume of 35,400 shares, the short-interest ratio is currently 0.7 days.

Clough Global Dividend and Income Fund Trading Up 0.2 %

GLV stock traded up $0.01 during midday trading on Friday, hitting $5.57. 22,339 shares of the company’s stock were exchanged, compared to its average volume of 28,368. Clough Global Dividend and Income Fund has a one year low of $5.13 and a one year high of $6.30.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.0526 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.33%.

Institutional Trading of Clough Global Dividend and Income Fund

A number of institutional investors have recently modified their holdings of GLV. Sanctuary Advisors LLC bought a new stake in shares of Clough Global Dividend and Income Fund in the second quarter valued at about $132,000. Rivernorth Capital Management LLC lifted its holdings in shares of Clough Global Dividend and Income Fund by 2.8% in the third 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at about $328,000. Gamco Investors INC. ET AL acquired a new stake in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at about $54,000. Finally, Shaker Financial Services LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at about $230,000.

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.