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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a significant growth in short interest in 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 trading volume, of 34,864 shares, the days-to-cover ratio is presently 0.6 days.

Clough Global Dividend and Income Fund Price Performance

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

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 18th will be issued a $0.0566 dividend. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Wednesday, March 18th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Almitas Capital LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the 4th quarter valued at about $115,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Clough Global Dividend and Income Fund during the 3rd quarter valued at about $95,000. NWF Advisory Services Inc. raised its stake in Clough Global Dividend and Income Fund by 62.6% during the fourth quarter. NWF Advisory Services Inc. now owns 41,300 shares of the investment management company’s stock worth $247,000 after acquiring an additional 15,900 shares during the period. Closed End Fund Advisors Inc. bought a new position in Clough Global Dividend and Income Fund in the fourth quarter worth about $86,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Clough Global Dividend and Income Fund by 16.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 149,747 shares of the investment management company’s stock worth $894,000 after acquiring an additional 20,996 shares during the last quarter.

About Clough Global Dividend and Income Fund

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.