Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Up 6.8% in November

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 106,600 shares, an increase of 6.8% from the October 31st total of 99,800 shares. Based on an average daily trading volume, of 161,200 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLO. Rivernorth Capital Management LLC boosted its stake in shares of Clough Global Opportunities Fund by 0.5% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,286,988 shares of the investment management company’s stock valued at $7,014,000 after purchasing an additional 6,129 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in Clough Global Opportunities Fund by 25.2% during the 2nd quarter. Cornerstone Advisors LLC now owns 859,188 shares of the investment management company’s stock valued at $4,622,000 after acquiring an additional 172,732 shares during the period. Private Advisor Group LLC lifted its holdings in Clough Global Opportunities Fund by 1.5% in the third quarter. Private Advisor Group LLC now owns 536,698 shares of the investment management company’s stock worth $2,925,000 after buying an additional 7,672 shares during the period. Matisse Capital increased its stake in Clough Global Opportunities Fund by 0.6% during the 2nd quarter. Matisse Capital now owns 503,202 shares of the investment management company’s stock valued at $2,707,000 after purchasing an additional 3,202 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Clough Global Opportunities Fund by 6.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 379,901 shares of the investment management company’s stock worth $2,070,000 after acquiring an additional 23,215 shares during the period.

Clough Global Opportunities Fund Stock Up 0.6 %

Shares of NYSEAMERICAN GLO opened at $5.33 on Tuesday. Clough Global Opportunities Fund has a one year low of $4.54 and a one year high of $5.60.

Clough Global Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 10.81%. The ex-dividend date of this dividend is Monday, December 16th.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.