Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 105.8% in June

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 9,104 shares, a growth of 105.8% from the May 31st total of 4,423 shares. Based on an average daily volume of 62,877 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Clough Global Dividend and Income Fund

A number of institutional investors have recently modified their holdings of GLV. Gamco Investors INC. ET AL bought a new position in shares of Clough Global Dividend and Income Fund in the fourth quarter worth $60,000. Closed End Fund Advisors Inc. bought a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth about $86,000. Elevation Point Wealth Partners LLC bought a new stake in Clough Global Dividend and Income Fund during the third quarter worth about $95,000. Fifth Third Bancorp bought a new stake in Clough Global Dividend and Income Fund during the first quarter worth about $112,000. Finally, Almitas Capital LLC acquired a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth about $115,000.

Clough Global Dividend and Income Fund Trading Down 0.1%

NYSEAMERICAN GLV opened at $6.62 on Thursday. The company has a 50 day moving average of $6.30 and a 200-day moving average of $6.18. Clough Global Dividend and Income Fund has a 1-year low of $5.55 and a 1-year high of $6.64.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th were issued a $0.0566 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a c) annualized dividend and a yield of 10.3%.

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.