Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Expands By 74.5%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 26,000 shares, a growth of 74.5% from the January 15th total of 14,900 shares. Based on an average daily volume of 35,400 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Clough Global Dividend and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of GLV. Sanctuary Advisors LLC acquired a new position in Clough Global Dividend and Income Fund in the second quarter worth about $132,000. Rivernorth Capital Management LLC grew its stake in Clough Global Dividend and Income Fund by 2.8% in the third quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock worth $2,178,000 after purchasing an additional 10,197 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Clough Global Dividend and Income Fund in the fourth quarter worth about $328,000. Gamco Investors INC. ET AL acquired a new position in Clough Global Dividend and Income Fund in the fourth quarter worth about $54,000. Finally, Shaker Financial Services LLC acquired a new position in Clough Global Dividend and Income Fund in the fourth quarter worth about $230,000.

Clough Global Dividend and Income Fund Price Performance

NYSEAMERICAN:GLV traded up $0.01 during mid-day trading on Friday, hitting $5.57. The company had a trading volume of 22,339 shares, compared to its average volume of 28,368. Clough Global Dividend and Income Fund has a 1 year low of $5.13 and a 1 year high of $6.30.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0526 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date of this dividend is Tuesday, March 18th.

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.