Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Large Decline in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 85,000 shares, a decrease of 43.1% from the February 28th total of 149,500 shares. Based on an average daily volume of 161,500 shares, the short-interest ratio is currently 0.5 days.

Clough Global Opportunities Fund Trading Down 1.2 %

NYSEAMERICAN GLO traded down $0.06 during trading on Friday, reaching $4.91. 262,802 shares of the company’s stock were exchanged, compared to its average volume of 158,449. Clough Global Opportunities Fund has a fifty-two week low of $4.82 and a fifty-two week high of $5.60. The stock has a fifty day moving average price of $5.13.

Clough Global Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.0501 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.24%. The ex-dividend date is Tuesday, March 18th.

Institutional Investors Weigh In On Clough Global Opportunities Fund

Several large investors have recently made changes to their positions in GLO. Landscape Capital Management L.L.C. acquired a new position in Clough Global Opportunities Fund in the 4th quarter valued at approximately $60,000. Benjamin Edwards Inc. bought a new position in shares of Clough Global Opportunities Fund in the third quarter worth about $65,000. Walkner Condon Financial Advisors LLC acquired a new position in Clough Global Opportunities Fund during the 4th quarter worth $97,000. Citadel Advisors LLC lifted its stake in shares of Clough Global Opportunities Fund by 64.3% during the fourth quarter. Citadel Advisors LLC now owns 26,159 shares of the investment management company’s stock valued at $134,000 after acquiring an additional 10,239 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of Clough Global Opportunities Fund in the 4th quarter valued at about $151,000.

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.