Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Increases By 59.3%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,800 shares, an increase of 59.3% from the February 29th total of 16,200 shares. Based on an average daily trading volume, of 54,300 shares, the days-to-cover ratio is currently 0.5 days.

Clough Global Dividend and Income Fund Price Performance

Shares of GLV stock remained flat at $5.59 on Friday. The stock had a trading volume of 40,155 shares, compared to its average volume of 51,435. Clough Global Dividend and Income Fund has a fifty-two week low of $4.70 and a fifty-two week high of $6.06.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were issued a $0.0526 dividend. The ex-dividend date was Thursday, February 15th. This represents a yield of 11.62%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of Clough Global Dividend and Income Fund by 10.8% during the fourth quarter. Royal Bank of Canada now owns 38,318 shares of the investment management company’s stock valued at $197,000 after acquiring an additional 3,734 shares during the last quarter. Matisse Capital raised its holdings in shares of Clough Global Dividend and Income Fund by 538.9% during the fourth quarter. Matisse Capital now owns 278,767 shares of the investment management company’s stock valued at $1,435,000 after acquiring an additional 235,137 shares during the last quarter. Cornerstone Advisors LLC raised its holdings in shares of Clough Global Dividend and Income Fund by 152.4% during the third quarter. Cornerstone Advisors LLC now owns 176,759 shares of the investment management company’s stock valued at $878,000 after acquiring an additional 106,725 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Clough Global Dividend and Income Fund during the third quarter valued at approximately $50,000. Finally, Woodline Partners LP raised its holdings in shares of Clough Global Dividend and Income Fund by 56.8% during the second quarter. Woodline Partners LP now owns 26,870 shares of the investment management company’s stock valued at $149,000 after acquiring an additional 9,730 shares during the last quarter.

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.