Short Interest in Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Declines By 59.8%

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 35,063 shares, a decrease of 59.8% from the December 15th total of 87,152 shares. Based on an average trading volume of 144,548 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 144,548 shares, the days-to-cover ratio is currently 0.2 days.

Insider Buying and Selling at Clough Global Opportunities Fund

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. acquired 35,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were bought at an average price of $6.01 per share, with a total value of $210,350.00. Following the purchase, the insider directly owned 394,245 shares of the company’s stock, valued at approximately $2,369,412.45. This trade represents a 9.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have bought 36,213 shares of company stock worth $217,624.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pathstone Holdings LLC acquired a new position in Clough Global Opportunities Fund in the 3rd quarter valued at approximately $6,861,000. North Ground Capital raised its stake in shares of Clough Global Opportunities Fund by 118.8% in the third quarter. North Ground Capital now owns 947,362 shares of the investment management company’s stock valued at $5,400,000 after purchasing an additional 514,434 shares in the last quarter. Alpine Global Management LLC bought a new position in Clough Global Opportunities Fund in the third quarter worth $2,870,000. Shaker Financial Services LLC acquired a new stake in Clough Global Opportunities Fund during the third quarter worth $1,866,000. Finally, TrueMark Investments LLC acquired a new stake in Clough Global Opportunities Fund during the third quarter worth $1,112,000.

Clough Global Opportunities Fund Price Performance

NYSEAMERICAN GLO traded up $0.05 on Friday, hitting $6.04. 1,327,007 shares of the company were exchanged, compared to its average volume of 417,828. Clough Global Opportunities Fund has a twelve month low of $4.32 and a twelve month high of $6.09. The company’s 50 day moving average price is $5.71 and its 200-day moving average price is $5.63.

Clough Global Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be given a $0.0537 dividend. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Wednesday, March 18th.

About Clough Global Opportunities Fund

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.