Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 42.4% in February

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 33,600 shares, a growth of 42.4% from the February 13th total of 23,600 shares. Based on an average daily volume of 30,600 shares, the short-interest ratio is presently 1.1 days.

Clough Global Dividend and Income Fund Stock Performance

GLV stock opened at $5.51 on Friday. The firm’s 50 day moving average price is $5.44. Clough Global Dividend and Income Fund has a one year low of $5.13 and a one year high of $6.30.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.0526 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.63 annualized dividend and a dividend yield of 11.46%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Institutional investors have recently modified their holdings of the business. Rivernorth Capital Management LLC raised its holdings in shares of Clough Global Dividend and Income Fund by 2.8% in the third quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock valued at $2,178,000 after buying an additional 10,197 shares during the last quarter. Sanctuary Advisors LLC grew its position in Clough Global Dividend and Income Fund by 300.1% during the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock worth $562,000 after buying an additional 73,740 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $328,000. Gamco Investors INC. ET AL acquired a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth approximately $54,000. Finally, Shaker Financial Services LLC acquired a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth approximately $230,000.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.