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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 39,139 shares, an increase of 130.5% from the October 15th total of 16,979 shares. Based on an average daily volume of 25,042 shares, the days-to-cover ratio is presently 1.6 days.

Clough Global Dividend and Income Fund Trading Down 0.9%

Shares of NYSEAMERICAN:GLV opened at $5.76 on Friday. Clough Global Dividend and Income Fund has a 52-week low of $5.65 and a 52-week high of $6.65. The company has a 50-day simple moving average of $5.83 and a 200 day simple moving average of $6.14.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be given a dividend of $0.0566 per share. This represents a $0.68 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Thursday, December 17th.

Institutional Trading of Clough Global Dividend and Income Fund

A number of hedge funds have recently made changes to their positions in GLV. Almitas Capital LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the second quarter valued at approximately $735,000. North Ground Capital acquired a new position in shares of Clough Global Dividend and Income Fund during the 2nd quarter worth approximately $607,560. Shaker Financial Services LLC increased its holdings in shares of Clough Global Dividend and Income Fund by 72.7% during the 3rd quarter. Shaker Financial Services LLC now owns 171,750 shares of the investment management company’s stock worth $994,000 after acquiring an additional 72,277 shares during the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the 2nd quarter worth approximately $442,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in Clough Global Dividend and Income Fund by 13.8% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 220,149 shares of the investment management company’s stock valued at $1,275,000 after acquiring an additional 26,694 shares during the period.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund (NYSE American: GLV) is a closed-end investment fund that seeks to provide investors with current income and long-term capital appreciation. The fund is managed by Clough Capital Partners L.P., an investment management firm focused on global and alternative investment strategies. The fund invests across international markets and may hold a diversified portfolio of dividend-paying common and preferred stocks, income-producing securities, convertible securities, and other investments selected for their income potential and growth prospects.