Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Update

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 29,500 shares, a decline of 61.3% from the December 31st total of 76,200 shares. Based on an average trading volume of 38,000 shares, the short-interest ratio is currently 0.8 days.

Clough Global Dividend and Income Fund Stock Performance

Shares of GLV traded down $0.01 on Wednesday, reaching $5.54. The company’s stock had a trading volume of 40,017 shares, compared to its average volume of 27,840. Clough Global Dividend and Income Fund has a twelve month low of $5.13 and a twelve month high of $6.30.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.0526 dividend. This represents a $0.63 annualized dividend and a dividend yield of 11.39%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Global Dividend and Income Fund stock. Rivernorth Capital Management LLC grew its position in shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,753 shares of the investment management company’s stock after acquiring an additional 10,197 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Clough Global Dividend and Income Fund were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.