Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Update

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 11,026 shares, a decline of 36.8% from the June 30th total of 17,443 shares. Based on an average trading volume of 144,781 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Clough Global Opportunities Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC raised its stake in Clough Global Opportunities Fund by 3.1% during the 4th quarter. Rivernorth Capital Management LLC now owns 3,078,335 shares of the investment management company’s stock valued at $17,423,000 after purchasing an additional 91,928 shares during the period. Saba Capital Management L.P. lifted its holdings in shares of Clough Global Opportunities Fund by 14.1% in the 4th quarter. Saba Capital Management L.P. now owns 3,045,940 shares of the investment management company’s stock worth $17,240,000 after acquiring an additional 377,341 shares during the last quarter. Pathstone Holdings LLC bought a new position in Clough Global Opportunities Fund in the 3rd quarter valued at $6,861,000. North Ground Capital raised its stake in shares of Clough Global Opportunities Fund by 17.4% during the fourth quarter. North Ground Capital now owns 1,112,636 shares of the investment management company’s stock valued at $6,298,000 after acquiring an additional 165,274 shares in the last quarter. Finally, Almitas Capital LLC grew its holdings in Clough Global Opportunities Fund by 60.7% during the 4th quarter. Almitas Capital LLC now owns 790,286 shares of the investment management company’s stock worth $4,473,000 after acquiring an additional 298,428 shares in the last quarter.

Clough Global Opportunities Fund Price Performance

GLO traded up $0.02 during midday trading on Friday, reaching $5.84. The company’s stock had a trading volume of 93,471 shares, compared to its average volume of 174,379. Clough Global Opportunities Fund has a 1 year low of $5.36 and a 1 year high of $6.18. The stock’s 50-day moving average is $5.95 and its 200-day moving average is $5.89.

Clough Global Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be paid a dividend of $0.0537 per share. The ex-dividend date is Thursday, September 17th. This represents a c) annualized dividend and a yield of 11.0%.

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.