Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Significant Growth in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 81,514 shares, an increase of 639.3% from the July 15th total of 11,026 shares. Based on an average trading volume of 101,334 shares, the days-to-cover ratio is currently 0.8 days.

Clough Global Opportunities Fund Trading Down 0.2%

Clough Global Opportunities Fund stock traded down $0.01 during midday trading on Thursday, hitting $6.01. The stock had a trading volume of 23,200 shares, compared to its average volume of 170,507. Clough Global Opportunities Fund has a 52-week low of $5.39 and a 52-week high of $6.18. The firm’s fifty day moving average is $5.95 and its two-hundred day moving average is $5.89.

Clough Global Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be paid a $0.0537 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Institutional Investors Weigh In On Clough Global Opportunities Fund

A number of institutional investors have recently bought and sold shares of GLO. Pathstone Holdings LLC purchased a new stake in Clough Global Opportunities Fund in the 3rd quarter worth $6,861,000. Saba Capital Management L.P. lifted its position in shares of Clough Global Opportunities Fund by 14.1% in the fourth quarter. Saba Capital Management L.P. now owns 3,045,940 shares of the investment management company’s stock worth $17,240,000 after buying an additional 377,341 shares in the last quarter. Almitas Capital LLC lifted its position in shares of Clough Global Opportunities Fund by 60.7% in the fourth quarter. Almitas Capital LLC now owns 790,286 shares of the investment management company’s stock worth $4,473,000 after buying an additional 298,428 shares in the last quarter. Royal Bank of Canada boosted its stake in Clough Global Opportunities Fund by 91.3% during the first quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock valued at $2,346,000 after buying an additional 201,001 shares during the last quarter. Finally, North Ground Capital grew its holdings in Clough Global Opportunities Fund by 17.4% during the 4th quarter. North Ground Capital now owns 1,112,636 shares of the investment management company’s stock valued at $6,298,000 after buying an additional 165,274 shares in the last quarter.

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.