Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Expands By 68.2%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 21,087 shares, a growth of 68.2% from the February 26th total of 12,538 shares. Based on an average daily volume of 34,864 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Clough Global Dividend and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of GLV. Alpine Global Management LLC bought a new position in Clough Global Dividend and Income Fund in the third quarter worth approximately $1,620,000. Saba Capital Management L.P. lifted its holdings in shares of Clough Global Dividend and Income Fund by 38.6% in the 4th quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock worth $5,198,000 after buying an additional 242,420 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Clough Global Dividend and Income Fund in the 4th quarter worth $835,000. Evolve Private Wealth LLC bought a new position in shares of Clough Global Dividend and Income Fund during the 4th quarter worth $431,000. Finally, TrueMark Investments LLC bought a new position in shares of Clough Global Dividend and Income Fund during the 3rd quarter worth $359,000.

Clough Global Dividend and Income Fund Trading Down 1.0%

GLV stock traded down $0.06 during trading on Friday, hitting $5.87. The company had a trading volume of 30,277 shares, compared to its average volume of 42,189. Clough Global Dividend and Income Fund has a 52-week low of $4.88 and a 52-week high of $6.41. The company has a 50 day simple moving average of $6.18 and a 200-day simple moving average of $6.07.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.0566 per share. 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 11.6%.

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.