Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 105.8% in June

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 9,104 shares, a growth of 105.8% from the May 31st total of 4,423 shares. Based on an average trading volume of 62,877 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Clough Global Dividend and Income Fund

Several institutional investors have recently added to or reduced their stakes in GLV. Gamco Investors INC. ET AL bought a new stake in shares of Clough Global Dividend and Income Fund in the 4th quarter valued at about $60,000. Closed End Fund Advisors Inc. purchased a new position in Clough Global Dividend and Income Fund in the 4th quarter worth approximately $86,000. Elevation Point Wealth Partners LLC purchased a new position in Clough Global Dividend and Income Fund in the 3rd quarter worth approximately $95,000. Fifth Third Bancorp bought a new stake in Clough Global Dividend and Income Fund in the first quarter valued at approximately $112,000. Finally, Almitas Capital LLC purchased a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at approximately $115,000.

Clough Global Dividend and Income Fund Price Performance

Shares of GLV traded up $0.07 during midday trading on Tuesday, reaching $6.60. The stock had a trading volume of 42,218 shares, compared to its average volume of 43,528. The company’s 50-day moving average is $6.28 and its 200 day moving average is $6.17. Clough Global Dividend and Income Fund has a 12-month low of $5.55 and a 12-month high of $6.61.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be paid a $0.0566 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund (NYSEAMERICAN: GLV) is a closed-end management investment company designed to provide investors with a combination of high current income and the potential for long-term capital appreciation. The fund pursues its objectives by investing primarily in dividend-paying equity securities of companies located throughout developed and emerging markets. In addition to its global equity allocation, Clough Global Dividend and Income Fund may allocate a portion of its assets to fixed-income instruments, including high-yield corporate bonds and preferred securities, to enhance current income potential.

Established in 2016, the fund is advised by Clough Capital Partners, L.P., an investment management firm headquartered in Greenwood Village, Colorado.