Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Significant Growth in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 82,040 shares, a growth of 165.9% from the September 30th total of 30,848 shares. Based on an average daily volume of 94,570 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Several hedge funds and other institutional investors have recently bought and sold shares of GLO. Private Advisor Group LLC lifted its holdings in Clough Global Opportunities Fund by 3.2% during the first quarter. Private Advisor Group LLC now owns 735,486 shares of the investment management company’s stock valued at $4,097,000 after purchasing an additional 22,963 shares during the last quarter. Bulldog Investors LLP grew its holdings in shares of Clough Global Opportunities Fund by 7.9% in the first quarter. Bulldog Investors LLP now owns 619,001 shares of the investment management company’s stock worth $3,448,000 after purchasing an additional 45,152 shares during the last quarter. Royal Bank of Canada grew its position in shares of Clough Global Opportunities Fund by 91.3% in the 1st quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock worth $2,346,000 after buying an additional 201,001 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Clough Global Opportunities Fund by 14.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 378,746 shares of the investment management company’s stock valued at $2,110,000 after purchasing an additional 47,710 shares during the period. Finally, Shaker Financial Services LLC increased its stake in shares of Clough Global Opportunities Fund by 81.5% during the third quarter. Shaker Financial Services LLC now owns 378,521 shares of the investment management company’s stock valued at $2,021,000 after purchasing an additional 170,014 shares in the last quarter.

Clough Global Opportunities Fund Stock Up 0.7%

NYSEAMERICAN GLO traded up $0.04 during trading on Thursday, reaching $5.52. 76,613 shares of the stock traded hands, compared to its average volume of 153,376. Clough Global Opportunities Fund has a fifty-two week low of $5.25 and a fifty-two week high of $6.18. The stock’s 50-day moving average price is $5.51 and its 200 day moving average price is $5.80.

Clough Global Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be issued a $0.0537 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Thursday, December 17th.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund is a publicly traded closed-end investment fund listed on the NYSE American under the symbol GLO. The fund seeks to provide a high level of total return through a combination of current income and capital appreciation.

The fund invests globally across equity and debt securities, giving its portfolio exposure to companies, industries and fixed-income markets in the United States and other developed and emerging-market countries. Its investment approach is flexible and may shift among asset classes, sectors and geographies as market conditions and investment opportunities change.

Clough Global Opportunities Fund is advised by Clough Capital Partners L.P., an investment management firm known for managing global, research-driven strategies.