Clough Global Dividend and Income Fund (NYSEMKT:GLV) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 45,411 shares, a decrease of 40.7% from the October 13th total of 76,633 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 33,713 shares, the short-interest ratio is currently 1.3 days.

A number of institutional investors and hedge funds have recently bought and sold shares of GLV. Shaker Financial Services LLC acquired a new stake in Clough Global Dividend and Income Fund in the 2nd quarter valued at about $628,000. Sit Investment Associates Inc. raised its position in Clough Global Dividend and Income Fund by 6.5% in the 3rd quarter. Sit Investment Associates Inc. now owns 487,878 shares of the investment management company’s stock valued at $6,786,000 after purchasing an additional 29,731 shares in the last quarter. MML Investors Services LLC raised its position in Clough Global Dividend and Income Fund by 12.0% in the 2nd quarter. MML Investors Services LLC now owns 36,472 shares of the investment management company’s stock valued at $488,000 after purchasing an additional 3,919 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Clough Global Dividend and Income Fund by 2.2% in the 2nd quarter. Royal Bank of Canada now owns 33,348 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 721 shares in the last quarter.

Clough Global Dividend and Income Fund (NYSEMKT GLV) opened at $13.73 on Tuesday. Clough Global Dividend and Income Fund has a 12 month low of $11.29 and a 12 month high of $14.39.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a $0.122 dividend. This represents a $1.46 annualized dividend and a dividend yield of 10.66%. The ex-dividend date of this dividend is Friday, November 17th. This is a positive change from Clough Global Dividend and Income Fund’s previous monthly dividend of $0.12.

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Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund (the Fund), formerly Clough Global Allocation Fund, is a closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. The Fund invests in a managed mix of equity and debt securities. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade.

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