Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Down 54.8% in June

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 17,443 shares, a drop of 54.8% from the June 15th total of 38,605 shares. Based on an average trading volume of 151,101 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Clough Global Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. purchased a new position in shares of Clough Global Opportunities Fund in the 1st quarter worth about $56,000. Bank of America Corp DE increased its stake in Clough Global Opportunities Fund by 318.9% during the 3rd quarter. Bank of America Corp DE now owns 13,112 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 9,982 shares in the last quarter. NWF Advisory Services Inc. bought a new stake in Clough Global Opportunities Fund during the 4th quarter valued at about $85,000. Marex Group plc purchased a new position in Clough Global Opportunities Fund in the fourth quarter worth about $113,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Clough Global Opportunities Fund in the third quarter worth approximately $159,000.

Clough Global Opportunities Fund Price Performance

GLO traded up $0.06 during midday trading on Wednesday, reaching $6.03. The company’s stock had a trading volume of 105,120 shares, compared to its average volume of 180,974. Clough Global Opportunities Fund has a 1 year low of $5.33 and a 1 year high of $6.18. The stock’s 50-day moving average is $5.98 and its 200-day moving average is $5.88.

Clough Global Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 17th will be given a dividend of $0.0537 per share. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Thursday, September 17th.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.