Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Grows By 262.7%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 21,400 shares, an increase of 262.7% from the August 31st total of 5,900 shares. Based on an average daily trading volume, of 51,900 shares, the days-to-cover ratio is currently 0.4 days.

Clough Global Dividend and Income Fund Stock Performance

Shares of GLV traded up $0.03 during mid-day trading on Friday, hitting $5.89. The stock had a trading volume of 21,017 shares, compared to its average volume of 53,361. Clough Global Dividend and Income Fund has a 52 week low of $4.70 and a 52 week high of $5.94.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 22nd were paid a dividend of $0.0526 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a dividend yield of 10.9%.

Institutional Trading of Clough Global Dividend and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in GLV. Almitas Capital LLC raised its stake in shares of Clough Global Dividend and Income Fund by 57.7% during the 2nd quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 81,718 shares during the period. Shaker Financial Services LLC grew its position in Clough Global Dividend and Income Fund by 254.1% during the second quarter. Shaker Financial Services LLC now owns 64,508 shares of the investment management company’s stock worth $368,000 after buying an additional 46,293 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in Clough Global Dividend and Income Fund during the second quarter worth about $193,000. Sanctuary Advisors LLC purchased a new position in Clough Global Dividend and Income Fund during the second quarter worth about $132,000. Finally, Cornerstone Advisors LLC grew its position in Clough Global Dividend and Income Fund by 4.7% during the second quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock worth $1,453,000 after buying an additional 11,436 shares in the last quarter.

About Clough Global Dividend and Income Fund

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.