Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Large Drop in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 92,400 shares, a drop of 41.4% from the January 31st total of 157,700 shares. Based on an average trading volume of 157,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Clough Global Opportunities Fund

A number of large investors have recently modified their holdings of GLO. Concurrent Investment Advisors LLC grew its holdings in Clough Global Opportunities Fund by 9.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 34,917 shares of the investment management company’s stock worth $190,000 after acquiring an additional 3,070 shares in the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Clough Global Opportunities Fund by 5.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 60,128 shares of the investment management company’s stock worth $308,000 after acquiring an additional 3,154 shares in the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of Clough Global Opportunities Fund by 0.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,286,988 shares of the investment management company’s stock valued at $7,014,000 after acquiring an additional 6,129 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of Clough Global Opportunities Fund by 53.3% during the 4th quarter. Benjamin Edwards Inc. now owns 18,400 shares of the investment management company’s stock worth $94,000 after acquiring an additional 6,400 shares in the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Clough Global Opportunities Fund by 12.1% during the 3rd quarter. Walleye Capital LLC now owns 83,945 shares of the investment management company’s stock worth $458,000 after buying an additional 9,093 shares during the last quarter.

Clough Global Opportunities Fund Price Performance

Shares of NYSEAMERICAN GLO traded down $0.04 during midday trading on Tuesday, hitting $5.02. The company’s stock had a trading volume of 67,529 shares, compared to its average volume of 160,593. Clough Global Opportunities Fund has a 1 year low of $4.82 and a 1 year high of $5.60.

Clough Global Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $0.0501 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.60 annualized dividend and a yield of 11.99%.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.