Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 135.2% in July

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 12,948 shares, a growth of 135.2% from the June 30th total of 5,505 shares. Based on an average daily volume of 38,896 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth about $60,000. Closed End Fund Advisors Inc. acquired a new position in Clough Global Dividend and Income Fund in the 4th quarter valued at about $86,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Clough Global Dividend and Income Fund in the 3rd quarter valued at approximately $95,000. Fifth Third Bancorp acquired a new stake in shares of Clough Global Dividend and Income Fund during the 1st quarter worth approximately $112,000. Finally, Almitas Capital LLC acquired a new stake in shares of Clough Global Dividend and Income Fund during the 4th quarter worth approximately $115,000.

Clough Global Dividend and Income Fund Price Performance

Shares of NYSEAMERICAN:GLV traded down $0.01 during midday trading on Tuesday, hitting $6.25. The company had a trading volume of 2,435 shares, compared to its average volume of 43,690. Clough Global Dividend and Income Fund has a twelve month low of $5.55 and a twelve month high of $6.65. The business’s 50-day simple moving average is $6.41 and its 200-day simple moving average is $6.24.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be paid a $0.0566 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%.

Clough Global Dividend and Income Fund Company Profile

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.