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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 12,538 shares, an increase of 93.4% from the February 12th total of 6,484 shares. Based on an average daily trading volume, of 39,281 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 39,281 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Large investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. boosted its stake in Clough Global Dividend and Income Fund by 38.6% in the 4th 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. Royal Bank of Canada increased its stake in shares of Clough Global Dividend and Income Fund by 2.7% during the 1st quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after acquiring an additional 19,977 shares during the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of Clough Global Dividend and Income Fund by 0.3% during the 4th quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock worth $3,208,000 after acquiring an additional 1,605 shares during the period. North Ground Capital lifted its holdings in shares of Clough Global Dividend and Income Fund by 7.9% during the 3rd quarter. North Ground Capital now owns 313,031 shares of the investment management company’s stock worth $1,863,000 after acquiring an additional 22,932 shares during the period. Finally, Alpine Global Management LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the third quarter worth approximately $1,620,000.

Clough Global Dividend and Income Fund Stock Down 0.7%

NYSEAMERICAN GLV traded down $0.04 during mid-day trading on Thursday, reaching $6.03. 21,608 shares of the stock were exchanged, compared to its average volume of 45,198. Clough Global Dividend and Income Fund has a 1-year low of $4.88 and a 1-year high of $6.41. The business’s fifty day simple moving average is $6.22 and its 200 day simple moving average is $6.06.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a $0.0566 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%.

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.