Clough Global Opportunities Fund Plans Monthly Dividend of $0.05 (NYSEAMERICAN:GLO)

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) declared a monthly dividend on Tuesday, April 7th. Investors of record on Wednesday, June 17th will be paid a dividend of 0.0537 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Wednesday, June 17th.

Clough Global Opportunities Fund Price Performance

Shares of NYSEAMERICAN:GLO opened at $5.57 on Wednesday. The firm has a 50 day simple moving average of $5.82 and a 200 day simple moving average of $5.76. Clough Global Opportunities Fund has a one year low of $4.45 and a one year high of $6.09.

Insider Buying and Selling

In related news, insider Charles Clough, Jr. acquired 35,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average price of $6.01 per share, with a total value of $210,350.00. Following the purchase, the insider directly owned 394,245 shares in the company, valued at approximately $2,369,412.45. This trade represents a 9.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have purchased 36,213 shares of company stock valued at $217,624.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLO. Tactive Advisors LLC increased its position in Clough Global Opportunities Fund by 19.4% in the 3rd quarter. Tactive Advisors LLC now owns 16,642 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 2,702 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of Clough Global Opportunities Fund by 5.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 56,526 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 2,974 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of Clough Global Opportunities Fund by 11.5% during the second quarter. Raymond James Financial Inc. now owns 47,645 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 4,909 shares during the last quarter. TrueMark Investments LLC raised its stake in shares of Clough Global Opportunities Fund by 2.5% during the fourth quarter. TrueMark Investments LLC now owns 199,917 shares of the investment management company’s stock valued at $1,132,000 after acquiring an additional 4,917 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Clough Global Opportunities Fund by 35.8% during the fourth quarter. Wolverine Asset Management LLC now owns 34,648 shares of the investment management company’s stock valued at $196,000 after acquiring an additional 9,127 shares during 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.