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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Clough Global Dividend and Income Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after acquiring an additional 19,977 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Clough Global Dividend and Income Fund during the second quarter worth approximately $99,618,000. Wolverine Asset Management LLC boosted its stake in Clough Global Dividend and Income Fund by 147.4% during the second quarter. Wolverine Asset Management LLC now owns 20,585 shares of the investment management company’s stock worth $117,000 after buying an additional 12,265 shares during the last quarter. Shaker Financial Services LLC purchased a new stake in Clough Global Dividend and Income Fund in the 2nd quarter valued at $2,480,000. Finally, Allworth Financial LP purchased a new stake in Clough Global Dividend and Income Fund in the 2nd quarter valued at $51,000.

Clough Global Dividend and Income Fund Stock Up 1.4%

NYSEAMERICAN GLV traded up $0.09 during trading hours on Friday, reaching $6.32. The company’s stock had a trading volume of 91,555 shares, compared to its average volume of 40,441. Clough Global Dividend and Income Fund has a 1 year low of $4.88 and a 1 year high of $6.35. The firm’s 50-day moving average price is $6.06 and its 200-day moving average price is $5.90.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors 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 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.