Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Large Increase in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,948 shares, an increase of 135.2% from the June 30th total of 5,505 shares. Based on an average daily volume of 38,896 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GLV. Royal Bank of Canada increased its holdings in shares of Clough Global Dividend and Income Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock worth $4,096,000 after purchasing an additional 19,977 shares during the period. Raymond James Financial Inc. boosted its stake in Clough Global Dividend and Income Fund by 6.3% during the second quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock valued at $381,000 after buying an additional 3,948 shares during the period. Osaic Holdings Inc. boosted its stake in Clough Global Dividend and Income Fund by 5,017.2% during the second quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock valued at $224,000 after buying an additional 38,733 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Clough Global Dividend and Income Fund during the third quarter worth about $95,000. Finally, Shaker Financial Services LLC grew its position in Clough Global Dividend and Income Fund by 16.1% during the fourth quarter. Shaker Financial Services LLC now owns 86,114 shares of the investment management company’s stock worth $514,000 after buying an additional 11,930 shares in the last quarter.

Clough Global Dividend and Income Fund Price Performance

Shares of GLV remained flat at $6.25 during mid-day trading on Wednesday. The company’s stock had a trading volume of 57,761 shares, compared to its average volume of 43,967. Clough Global Dividend and Income Fund has a 52-week low of $5.55 and a 52-week high of $6.65. The stock’s 50 day moving average price is $6.41 and its two-hundred day moving average price is $6.24.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be paid a $0.0566 dividend. The ex-dividend date is Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 10.9%.

Clough Global Dividend and Income Fund Company Profile

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.