Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Large Decline in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 17,443 shares, a decrease 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.

Hedge Funds Weigh In On Clough Global Opportunities Fund

A number of institutional investors have recently modified their holdings of GLO. Pathstone Holdings LLC acquired a new stake in Clough Global Opportunities Fund in the third quarter valued at about $6,861,000. Alpine Global Management LLC acquired a new stake in shares of Clough Global Opportunities Fund in the 3rd quarter valued at approximately $2,870,000. Saba Capital Management L.P. boosted its stake 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 valued at $17,240,000 after purchasing an additional 377,341 shares in the last quarter. Almitas Capital LLC grew its holdings in shares of 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 valued at $4,473,000 after purchasing an additional 298,428 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of 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 purchasing an additional 201,001 shares during the last quarter.

Clough Global Opportunities Fund Stock Performance

Shares of NYSEAMERICAN GLO traded up $0.06 during trading hours on Tuesday, hitting $5.97. 65,832 shares of the stock were exchanged, compared to its average volume of 180,717. The company’s fifty day simple moving average is $5.97 and its two-hundred day simple moving average is $5.87. Clough Global Opportunities Fund has a 1-year low of $5.33 and a 1-year high of $6.18.

Clough Global Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be issued a $0.0537 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. 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.