Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Decreases By 61.3%

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

Clough Global Dividend and Income Fund Stock Performance

Shares of NYSEAMERICAN:GLV traded down $0.03 during midday trading on Friday, reaching $5.48. The company’s stock had a trading volume of 35,002 shares, compared to its average volume of 28,773. Clough Global Dividend and Income Fund has a fifty-two week low of $5.13 and a fifty-two week high of $6.30.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $0.0526 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.63 dividend on an annualized basis and a yield of 11.52%.

Institutional Trading of Clough Global Dividend and Income Fund

A hedge fund recently raised its stake in Clough Global Dividend and Income Fund stock. Rivernorth Capital Management LLC grew its stake in shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 369,753 shares of the investment management company’s stock after buying an additional 10,197 shares during the period. 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.

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.