Short Interest in Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Expands By 639.3%

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 81,514 shares, an increase of 639.3% from the July 15th total of 11,026 shares. Based on an average daily volume of 101,334 shares, the days-to-cover ratio is presently 0.8 days.

Clough Global Opportunities Fund Price Performance

Clough Global Opportunities Fund stock opened at $6.00 on Friday. Clough Global Opportunities Fund has a fifty-two week low of $5.39 and a fifty-two week high of $6.18. The stock’s fifty day moving average is $5.94 and its two-hundred day moving average is $5.89.

Clough Global Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 17th will be given a $0.0537 dividend. The ex-dividend date is Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 10.7%.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC grew its holdings 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 valued at $395,000 after buying an additional 22,027 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Clough Global Opportunities Fund by 91.3% in the first quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock worth $2,346,000 after acquiring an additional 201,001 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of Clough Global Opportunities Fund in the first quarter valued at $56,000. Bulldog Investors LLP lifted its position in shares of Clough Global Opportunities Fund by 7.9% in the first quarter. Bulldog Investors LLP now owns 619,001 shares of the investment management company’s stock valued at $3,448,000 after acquiring an additional 45,152 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Clough Global Opportunities Fund by 14.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 378,746 shares of the investment management company’s stock valued at $2,110,000 after acquiring an additional 47,710 shares in the last quarter.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.