Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Rises By 42.4%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 33,600 shares, an increase of 42.4% from the February 13th total of 23,600 shares. Based on an average trading volume of 30,600 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Rivernorth Capital Management LLC raised its position in shares of Clough Global Dividend and Income Fund by 2.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock worth $2,178,000 after acquiring an additional 10,197 shares in the last quarter. CF Capital LLC purchased a new stake in Clough Global Dividend and Income Fund in the 4th quarter valued at approximately $864,000. Alpine Global Management LLC lifted its holdings in Clough Global Dividend and Income Fund by 44.9% in the fourth quarter. Alpine Global Management LLC now owns 140,000 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 43,351 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Clough Global Dividend and Income Fund by 300.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock valued at $562,000 after acquiring an additional 73,740 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Clough Global Dividend and Income Fund during the fourth quarter worth $328,000.

Clough Global Dividend and Income Fund Stock Performance

Shares of Clough Global Dividend and Income Fund stock remained flat at $5.51 during trading on Monday. 90,540 shares of the company traded hands, compared to its average volume of 44,884. Clough Global Dividend and Income Fund has a 12-month low of $5.13 and a 12-month high of $6.30. The business has a 50-day moving average price of $5.44.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $0.0526 dividend. This represents a $0.63 annualized dividend and a yield of 11.46%. The ex-dividend date is Tuesday, March 18th.

About Clough Global Dividend and Income Fund

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.