Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Large Decline in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 30,848 shares, a decrease of 69.5% from the September 15th total of 100,981 shares. Based on an average trading volume of 135,290 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Private Advisor Group LLC lifted its position in shares of Clough Global Opportunities Fund by 3.2% during the 1st quarter. Private Advisor Group LLC now owns 735,486 shares of the investment management company’s stock valued at $4,097,000 after acquiring an additional 22,963 shares during the period. Bulldog Investors LLP increased its holdings in Clough Global Opportunities Fund by 7.9% in the 1st quarter. Bulldog Investors LLP now owns 619,001 shares of the investment management company’s stock worth $3,448,000 after purchasing an additional 45,152 shares in the last quarter. Alpine Global Management LLC boosted its position in Clough Global Opportunities Fund by 9.9% during the 4th quarter. Alpine Global Management LLC now owns 553,258 shares of the investment management company’s stock worth $3,131,000 after buying an additional 49,830 shares during the period. Royal Bank of Canada lifted its holdings in Clough Global Opportunities Fund by 91.3% during the 1st quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock worth $2,346,000 after buying an additional 201,001 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Clough Global Opportunities Fund by 14.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 378,746 shares of the investment management company’s stock valued at $2,110,000 after purchasing an additional 47,710 shares during the period.

Clough Global Opportunities Fund Price Performance

Shares of NYSEAMERICAN:GLO remained flat at $5.48 during trading on Monday. The company’s stock had a trading volume of 78,401 shares, compared to its average volume of 158,556. The firm has a fifty day simple moving average of $5.66 and a two-hundred day simple moving average of $5.80. Clough Global Opportunities Fund has a 52-week low of $5.25 and a 52-week high of $6.18.

Clough Global Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be issued a $0.0537 dividend. This represents a $0.64 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Thursday, December 17th.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund is a publicly traded closed-end investment fund listed on the NYSE American under the symbol GLO. The fund seeks to provide a high level of total return through a combination of current income and capital appreciation.

The fund invests globally across equity and debt securities, giving its portfolio exposure to companies, industries and fixed-income markets in the United States and other developed and emerging-market countries. Its investment approach is flexible and may shift among asset classes, sectors and geographies as market conditions and investment opportunities change.

Clough Global Opportunities Fund is advised by Clough Capital Partners L.P., an investment management firm known for managing global, research-driven strategies.