Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Decreases By 49.9%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 4,423 shares, a drop of 49.9% from the May 14th total of 8,833 shares. Based on an average daily volume of 35,982 shares, the days-to-cover ratio is presently 0.1 days.

Clough Global Dividend and Income Fund Price Performance

Shares of NYSEAMERICAN:GLV traded down $0.03 during trading on Friday, hitting $6.35. 32,951 shares of the stock were exchanged, compared to its average volume of 42,639. Clough Global Dividend and Income Fund has a 1-year low of $5.50 and a 1-year high of $6.49. The company’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.14.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be given a dividend of $0.0566 per share. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Wednesday, June 17th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL bought a new position in shares of Clough Global Dividend and Income Fund during the 4th quarter worth approximately $60,000. Closed End Fund Advisors Inc. bought a new position in shares of Clough Global Dividend and Income Fund during the 4th quarter worth approximately $86,000. Elevation Point Wealth Partners LLC bought a new position in shares of Clough Global Dividend and Income Fund during the 3rd quarter worth approximately $95,000. Fifth Third Bancorp bought a new position in shares of Clough Global Dividend and Income Fund during the 1st quarter worth approximately $112,000. Finally, Almitas Capital LLC bought a new position in shares of Clough Global Dividend and Income Fund during the 4th quarter worth approximately $115,000.

About Clough Global Dividend and Income Fund

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.