Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Stock Short Interest Climbs 165.9%

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 82,040 shares, a growth of 165.9% from the September 30th total of 30,848 shares. Based on an average daily volume of 94,570 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Clough Global Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of GLO. Concurrent Investment Advisors LLC boosted its position in shares of Clough Global Opportunities Fund by 6.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 62,073 shares of the investment management company’s stock worth $380,000 after purchasing an additional 4,000 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of Clough Global Opportunities Fund during the 1st quarter worth $56,000. CoreCap Advisors LLC increased its stake in Clough Global Opportunities Fund by 51.7% during the 2nd quarter. CoreCap Advisors LLC now owns 64,614 shares of the investment management company’s stock worth $395,000 after buying an additional 22,027 shares during the period. Private Advisor Group LLC raised its position in shares of Clough Global Opportunities Fund by 3.2% during the 1st quarter. Private Advisor Group LLC now owns 735,486 shares of the investment management company’s stock worth $4,097,000 after purchasing an additional 22,963 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its stake in Clough Global Opportunities Fund by 11.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 332,152 shares of the investment management company’s stock valued at $1,774,000 after buying an additional 33,511 shares during the period.

Clough Global Opportunities Fund Trading Down 1.1%

Clough Global Opportunities Fund stock traded down $0.06 during midday trading on Friday, reaching $5.46. 50,146 shares of the company’s stock were exchanged, compared to its average volume of 152,882. Clough Global Opportunities Fund has a 52 week low of $5.25 and a 52 week high of $6.18. The stock’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $5.80.

Clough Global Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a dividend of $0.0537 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $0.64 dividend on an annualized basis and a yield of 11.8%.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund is a non-diversified, closed-end investment company listed on the NYSE American under the symbol GLO. The fund seeks to provide investors with a high level of total return through a combination of current income and capital appreciation.

The fund invests globally across a range of asset classes and industries. Its portfolio may include common stocks, preferred securities, convertible securities, corporate and sovereign debt, and other income-producing or equity-related investments.