Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Decreases By 23.0%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a large decline in short interest in December. As of December 31st, there was short interest totaling 17,096 shares, a decline of 23.0% from the December 15th total of 22,210 shares. Based on an average trading volume of 28,609 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 28,609 shares, the days-to-cover ratio is currently 0.6 days.

Clough Global Dividend and Income Fund Price Performance

NYSEAMERICAN GLV opened at $6.32 on Tuesday. The company has a 50 day simple moving average of $6.06 and a 200-day simple moving average of $5.91. Clough Global Dividend and Income Fund has a 52-week low of $4.88 and a 52-week high of $6.35.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be paid a $0.0566 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Institutional Trading of Clough Global Dividend and Income Fund

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Clough Global Dividend and Income Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after purchasing an additional 19,977 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Clough Global Dividend and Income Fund during the 2nd quarter valued at about $99,618,000. Wolverine Asset Management LLC grew its stake in shares of Clough Global Dividend and Income Fund by 147.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 20,585 shares of the investment management company’s stock valued at $117,000 after buying an additional 12,265 shares in the last quarter. Shaker Financial Services LLC acquired a new position in Clough Global Dividend and Income Fund in the second quarter worth approximately $2,480,000. Finally, Allworth Financial LP bought a new position in Clough Global Dividend and Income Fund during the second quarter valued at approximately $51,000.

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.