Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Announces Monthly Dividend of $0.05

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) declared a monthly dividend on Tuesday, July 7th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.0537 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Tuesday, August 18th.

Clough Global Opportunities Fund Stock Performance

Clough Global Opportunities Fund stock traded down $0.08 during trading hours on Tuesday, reaching $6.03. 101,695 shares of the company’s stock traded hands, compared to its average volume of 182,344. Clough Global Opportunities Fund has a fifty-two week low of $5.33 and a fifty-two week high of $6.18. The firm’s 50 day moving average is $5.95 and its 200-day moving average is $5.86.

Hedge Funds Weigh In On Clough Global Opportunities Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pathstone Holdings LLC acquired a new position in shares of Clough Global Opportunities Fund in the 3rd quarter valued at approximately $6,861,000. Alpine Global Management LLC acquired a new position in shares of Clough Global Opportunities Fund in the third quarter valued at approximately $2,870,000. Saba Capital Management L.P. increased its position in shares of Clough Global Opportunities Fund by 14.1% during the fourth quarter. Saba Capital Management L.P. now owns 3,045,940 shares of the investment management company’s stock worth $17,240,000 after acquiring an additional 377,341 shares in the last quarter. Almitas Capital LLC increased its position in shares of Clough Global Opportunities Fund by 60.7% during the fourth quarter. Almitas Capital LLC now owns 790,286 shares of the investment management company’s stock worth $4,473,000 after acquiring an additional 298,428 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Clough Global Opportunities Fund by 91.3% during the first quarter. Royal Bank of Canada now owns 421,237 shares of the investment management company’s stock worth $2,346,000 after acquiring an additional 201,001 shares during the period.

Clough Global Opportunities Fund Company Profile

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.