Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Down 49.9% in May

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,423 shares, a decline of 49.9% from the May 14th total of 8,833 shares. Based on an average trading volume of 35,982 shares, the short-interest ratio is presently 0.1 days.

Clough Global Dividend and Income Fund Trading Down 0.5%

Shares of Clough Global Dividend and Income Fund stock opened at $6.35 on Friday. The firm has a fifty day moving average of $6.18 and a two-hundred day moving average of $6.14. Clough Global Dividend and Income Fund has a 52 week low of $5.50 and a 52 week high of $6.49.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be paid a $0.0566 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) annualized dividend and a yield of 10.7%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Several institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC bought a new stake in shares of Clough Global Dividend and Income Fund in the 3rd quarter valued at about $1,620,000. Saba Capital Management L.P. boosted its stake in Clough Global Dividend and Income Fund by 38.6% during the 4th quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock worth $5,198,000 after acquiring an additional 242,420 shares during the last quarter. Royal Bank of Canada boosted its stake in Clough Global Dividend and Income Fund by 2.7% during the 1st quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock worth $4,096,000 after acquiring an additional 19,977 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in Clough Global Dividend and Income Fund by 0.3% during the fourth quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock valued at $3,208,000 after purchasing an additional 1,605 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in Clough Global Dividend and Income Fund during the fourth quarter valued at approximately $835,000.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund (NYSEAMERICAN: GLV) is a closed-end management investment company designed to provide investors with a combination of high current income and the potential for long-term capital appreciation. The fund pursues its objectives by investing primarily in dividend-paying equity securities of companies located throughout developed and emerging markets. In addition to its global equity allocation, Clough Global Dividend and Income Fund may allocate a portion of its assets to fixed-income instruments, including high-yield corporate bonds and preferred securities, to enhance current income potential.

Established in 2016, the fund is advised by Clough Capital Partners, L.P., an investment management firm headquartered in Greenwood Village, Colorado.