Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Down 54.8% in June

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 17,443 shares, a drop of 54.8% from the June 15th total of 38,605 shares. Based on an average trading volume of 151,101 shares, the days-to-cover ratio is presently 0.1 days.

Clough Global Opportunities Fund Stock Performance

NYSEAMERICAN GLO traded up $0.06 during trading on Tuesday, reaching $5.97. The company’s stock had a trading volume of 65,832 shares, compared to its average volume of 180,717. Clough Global Opportunities Fund has a 12 month low of $5.33 and a 12 month high of $6.18. The firm has a 50 day moving average price of $5.97 and a 200 day moving average price of $5.87.

Clough Global Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be given a $0.0537 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Thursday, September 17th.

Institutional Investors Weigh In On Clough Global Opportunities Fund

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Clough Global Opportunities Fund by 21.2% during the 1st quarter. Royal Bank of Canada now owns 209,909 shares of the investment management company’s stock valued at $1,026,000 after acquiring an additional 36,748 shares during the period. Guggenheim Capital LLC increased its position in shares of Clough Global Opportunities Fund by 15.9% in the second quarter. Guggenheim Capital LLC now owns 155,872 shares of the investment management company’s stock worth $846,000 after purchasing an additional 21,377 shares during the period. Raymond James Financial Inc. raised its stake in Clough Global Opportunities Fund by 11.5% in the second quarter. Raymond James Financial Inc. now owns 47,645 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 4,909 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Clough Global Opportunities Fund in the second quarter valued at about $161,000. Finally, Osaic Holdings Inc. lifted its position in Clough Global Opportunities Fund by 63.5% during the second quarter. Osaic Holdings Inc. now owns 81,745 shares of the investment management company’s stock worth $444,000 after purchasing an additional 31,742 shares during the period.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.