Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Down 39.5% in June

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,505 shares, a decrease of 39.5% from the June 15th total of 9,104 shares. Based on an average daily volume of 55,004 shares, the short-interest ratio is currently 0.1 days.

Clough Global Dividend and Income Fund Stock Performance

GLV traded up $0.04 on Thursday, reaching $6.50. The company had a trading volume of 5,217 shares, compared to its average volume of 43,113. The company has a fifty day moving average of $6.39 and a 200-day moving average of $6.22. Clough Global Dividend and Income Fund has a one year low of $5.55 and a one year high of $6.65.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be issued a $0.0566 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 10.4%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several hedge funds have recently modified their holdings of GLV. Fifth Third Bancorp acquired a new stake in shares of Clough Global Dividend and Income Fund in the first quarter worth $112,000. TrueMark Investments LLC increased its position 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 worth $385,000 after acquiring an additional 3,312 shares during the period. Almitas Capital LLC bought a new position in Clough Global Dividend and Income Fund during the fourth quarter worth $115,000. Osaic Holdings Inc. raised its stake in Clough Global Dividend and Income Fund by 18.7% during the 4th quarter. Osaic Holdings Inc. now owns 63,536 shares of the investment management company’s stock valued at $379,000 after purchasing an additional 10,019 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in Clough Global Dividend and Income Fund during the 3rd quarter valued at $95,000.

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.