Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Significant Increase in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 9,104 shares, a growth of 105.8% from the May 31st total of 4,423 shares. Based on an average daily volume of 62,877 shares, the short-interest ratio is currently 0.1 days.

Clough Global Dividend and Income Fund Stock Down 0.2%

GLV stock traded down $0.01 during midday trading on Wednesday, reaching $6.63. 58,634 shares of the company were exchanged, compared to its average volume of 43,888. The stock’s 50-day simple moving average is $6.29 and its 200 day simple moving average is $6.18. Clough Global Dividend and Income Fund has a 1-year low of $5.55 and a 1-year high of $6.64.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th were paid a dividend of $0.0566 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. NWF Advisory Services Inc. raised its holdings in Clough Global Dividend and Income Fund by 9.7% in the first quarter. NWF Advisory Services Inc. now owns 45,300 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 4,000 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Clough Global Dividend and Income Fund during the first quarter valued at about $112,000. TrueMark Investments LLC boosted its stake in Clough Global Dividend and Income Fund by 5.4% during the first quarter. TrueMark Investments LLC now owns 65,090 shares of the investment management company’s stock valued at $385,000 after buying an additional 3,312 shares in the last quarter. Saba Capital Management L.P. grew its position in Clough Global Dividend and Income Fund by 38.6% in the fourth 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 last quarter. Finally, Rivernorth Capital Management LLC lifted its stake in Clough Global Dividend and Income Fund by 0.3% during the fourth quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock valued at $3,208,000 after buying an additional 1,605 shares in the last quarter.

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.