Short Interest in Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Increases By 61.8%

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 149,500 shares, a growth of 61.8% from the February 13th total of 92,400 shares. Based on an average daily volume of 161,800 shares, the short-interest ratio is currently 0.9 days.

Clough Global Opportunities Fund Stock Up 1.9 %

Shares of GLO stock traded up $0.09 during trading hours on Friday, reaching $4.95. 135,683 shares of the company traded hands, compared to its average volume of 162,906. Clough Global Opportunities Fund has a 12-month low of $4.82 and a 12-month high of $5.60. The stock’s 50-day moving average price is $5.15.

Clough Global Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0501 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.15%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GLO. Alpine Global Management LLC raised its stake in Clough Global Opportunities Fund by 24.4% during the 4th quarter. Alpine Global Management LLC now owns 300,000 shares of the investment management company’s stock valued at $1,536,000 after purchasing an additional 58,756 shares during the period. Saba Capital Management L.P. increased its stake in Clough Global Opportunities Fund by 2.3% in the 4th quarter. Saba Capital Management L.P. now owns 2,396,426 shares of the investment management company’s stock worth $12,270,000 after acquiring an additional 53,560 shares during the last quarter. Bulldog Investors LLP increased its stake in Clough Global Opportunities Fund by 117.5% in the 4th quarter. Bulldog Investors LLP now owns 254,583 shares of the investment management company’s stock worth $1,303,000 after acquiring an additional 137,542 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Clough Global Opportunities Fund in the 4th quarter worth approximately $2,463,000. Finally, Citadel Advisors LLC increased its stake in Clough Global Opportunities Fund by 64.3% in the 4th quarter. Citadel Advisors LLC now owns 26,159 shares of the investment management company’s stock worth $134,000 after acquiring an additional 10,239 shares during the last quarter.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.