Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Update

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 85,800 shares, a drop of 19.5% from the November 15th total of 106,600 shares. Based on an average daily volume of 155,300 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in GLO. Rivernorth Capital Management LLC grew its stake in shares of Clough Global Opportunities Fund by 0.5% in the third quarter. Rivernorth Capital Management LLC now owns 1,286,988 shares of the investment management company’s stock valued at $7,014,000 after acquiring an additional 6,129 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Clough Global Opportunities Fund by 9.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 34,917 shares of the investment management company’s stock worth $190,000 after purchasing an additional 3,070 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Clough Global Opportunities Fund by 6.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 379,901 shares of the investment management company’s stock worth $2,070,000 after purchasing an additional 23,215 shares during the period. Private Advisor Group LLC raised its position in shares of Clough Global Opportunities Fund by 1.5% in the third quarter. Private Advisor Group LLC now owns 536,698 shares of the investment management company’s stock valued at $2,925,000 after buying an additional 7,672 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Clough Global Opportunities Fund in the second quarter valued at approximately $149,000.

Clough Global Opportunities Fund Stock Down 0.4 %

Shares of GLO stock traded down $0.02 during midday trading on Friday, hitting $5.29. 176,317 shares of the company were exchanged, compared to its average volume of 157,898. Clough Global Opportunities Fund has a 52 week low of $4.59 and a 52 week high of $5.60.

Clough Global Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.048 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 10.89%. The ex-dividend date of this dividend is Monday, December 16th.

Clough Global Opportunities Fund Company Profile

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.