Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Significant Increase in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 73,992 shares, a growth of 111.0% from the December 31st total of 35,063 shares. Based on an average daily trading volume, of 326,961 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 326,961 shares, the days-to-cover ratio is presently 0.2 days.

Clough Global Opportunities Fund Stock Performance

GLO stock traded up $0.04 during mid-day trading on Friday, hitting $5.97. The company had a trading volume of 73,890 shares, compared to its average volume of 339,288. Clough Global Opportunities Fund has a 12 month low of $4.32 and a 12 month high of $6.09. The stock’s fifty day moving average price is $5.76 and its two-hundred day moving average price is $5.66.

Clough Global Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued a $0.0537 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a c) annualized dividend and a yield of 10.8%.

Insiders Place Their Bets

In other news, insider Charles Clough, Jr. purchased 35,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average cost of $6.01 per share, with a total value of $210,350.00. Following the completion of the transaction, the insider directly owned 394,245 shares of the company’s stock, valued at approximately $2,369,412.45. This trade represents a 9.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 36,213 shares of company stock worth $217,624.

Institutional Investors Weigh In On Clough Global Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in GLO. Savvy Advisors Inc. purchased a new position in shares of Clough Global Opportunities Fund in the fourth quarter worth about $219,000. TrueMark Investments LLC lifted its stake in shares of Clough Global Opportunities Fund by 2.5% during the 4th quarter. TrueMark Investments LLC now owns 199,917 shares of the investment management company’s stock valued at $1,132,000 after buying an additional 4,917 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in Clough Global Opportunities Fund by 1,045.2% in the 4th quarter. CoreCap Advisors LLC now owns 48,100 shares of the investment management company’s stock worth $272,000 after buying an additional 43,900 shares during the period. SeaCrest Wealth Management LLC grew its stake in Clough Global Opportunities Fund by 5.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 56,526 shares of the investment management company’s stock valued at $327,000 after buying an additional 2,974 shares in the last quarter. Finally, Alpine Global Management LLC bought a new stake in Clough Global Opportunities Fund during the 3rd quarter valued at $2,870,000.

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.