Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Drops By 49.9%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,423 shares, a decrease of 49.9% from the May 14th total of 8,833 shares. Based on an average daily volume of 35,982 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new stake in shares of Clough Global Dividend and Income Fund in the 4th quarter valued at $60,000. Closed End Fund Advisors Inc. acquired a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at $86,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the third quarter valued at $95,000. Fifth Third Bancorp bought a new position in Clough Global Dividend and Income Fund in the first quarter valued at about $112,000. Finally, Almitas Capital LLC acquired a new stake in Clough Global Dividend and Income Fund in the fourth quarter worth about $115,000.

Clough Global Dividend and Income Fund Stock Performance

Shares of NYSEAMERICAN:GLV opened at $6.35 on Friday. Clough Global Dividend and Income Fund has a twelve month low of $5.50 and a twelve month high of $6.49. The business has a fifty day moving average of $6.18 and a 200-day moving average of $6.14.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be issued a $0.0566 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

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.