Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Down 62.8% in May

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 17,220 shares, a decline of 62.8% from the May 14th total of 46,238 shares. Based on an average daily trading volume, of 146,064 shares, the short-interest ratio is presently 0.1 days.

Clough Global Opportunities Fund Stock Performance

Shares of GLO traded up $0.05 during mid-day trading on Friday, reaching $5.90. 53,876 shares of the company’s stock traded hands, compared to its average volume of 187,637. The business’s 50-day moving average price is $5.87 and its 200-day moving average price is $5.82. Clough Global Opportunities Fund has a 12 month low of $5.20 and a 12 month high of $6.10.

Clough Global Opportunities Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be paid a dividend of $0.0537 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Wednesday, June 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GLO. Royal Bank of Canada grew its position in Clough Global Opportunities Fund by 21.2% in the first quarter. Royal Bank of Canada now owns 209,909 shares of the investment management company’s stock worth $1,026,000 after buying an additional 36,748 shares during the last quarter. Guggenheim Capital LLC grew its position in Clough Global Opportunities Fund by 15.9% in the second quarter. Guggenheim Capital LLC now owns 155,872 shares of the investment management company’s stock worth $846,000 after buying an additional 21,377 shares during the last quarter. Raymond James Financial Inc. grew its position in Clough Global Opportunities Fund by 11.5% in the second quarter. Raymond James Financial Inc. now owns 47,645 shares of the investment management company’s stock worth $259,000 after buying an additional 4,909 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Clough Global Opportunities Fund in the second quarter worth approximately $161,000. Finally, Osaic Holdings Inc. grew its position in Clough Global Opportunities Fund by 63.5% in the second quarter. Osaic Holdings Inc. now owns 81,745 shares of the investment management company’s stock worth $444,000 after buying an additional 31,742 shares during the last quarter.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.