Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Update

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 33,600 shares, a growth of 42.4% from the February 13th total of 23,600 shares. Based on an average daily trading volume, of 30,600 shares, the days-to-cover ratio is presently 1.1 days.

Clough Global Dividend and Income Fund Stock Performance

GLV stock opened at $5.51 on Tuesday. Clough Global Dividend and Income Fund has a 1 year low of $5.13 and a 1 year high of $6.30. The company has a fifty day moving average of $5.44.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0526 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.46%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rivernorth Capital Management LLC raised its stake in shares of Clough Global Dividend and Income Fund by 2.8% during the third quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock valued at $2,178,000 after purchasing an additional 10,197 shares in the last quarter. CF Capital LLC bought a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at about $864,000. Alpine Global Management LLC raised its stake in shares of Clough Global Dividend and Income Fund by 44.9% during the fourth quarter. Alpine Global Management LLC now owns 140,000 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 43,351 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Clough Global Dividend and Income Fund by 300.1% during the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 73,740 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at about $328,000.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.