Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Share Price Breaks Above 50 Day Moving Average – Here’s What Happened

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $5.48 and traded as high as $5.53. Clough Global Opportunities Fund shares last traded at $5.49, with a volume of 119,085 shares trading hands.

Clough Global Opportunities Fund Stock Performance

The company has a fifty day moving average price of $5.48 and a two-hundred day moving average price of $5.78.

Clough Global Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be given a dividend of $0.0537 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $0.64 dividend on an annualized basis and a yield of 11.7%.

Hedge Funds Weigh In On Clough Global Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in GLO. Bulldog Investors LLP lifted its holdings in shares of Clough Global Opportunities Fund by 7.9% during the 1st quarter. Bulldog Investors LLP now owns 619,001 shares of the investment management company’s stock worth $3,448,000 after acquiring an additional 45,152 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Clough Global Opportunities Fund by 4.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 475,587 shares of the investment management company’s stock valued at $2,540,000 after purchasing an additional 18,551 shares during the last quarter. Royal Bank of Canada lifted its stake in Clough Global Opportunities Fund by 91.3% during the 1st quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock valued at $2,346,000 after acquiring an additional 201,001 shares during the period. Shaker Financial Services LLC grew its position in Clough Global Opportunities Fund by 81.5% in the third quarter. Shaker Financial Services LLC now owns 378,521 shares of the investment management company’s stock worth $2,021,000 after acquiring an additional 170,014 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in Clough Global Opportunities Fund by 11.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 332,152 shares of the investment management company’s stock worth $1,774,000 after buying an additional 33,511 shares during the last quarter.

About Clough Global Opportunities Fund

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

The fund invests globally across a range of asset classes and industries. Its portfolio may include common stocks, preferred securities, convertible securities, corporate and sovereign debt, and other income-producing or equity-related investments.