Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Sees Significant Increase in Short Interest

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Rating) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,100 shares, a growth of 266.7% from the March 15th total of 300 shares. Based on an average daily volume of 45,200 shares, the days-to-cover ratio is currently 0.0 days.

Shares of NYSEAMERICAN:GLV opened at $9.08 on Friday. Clough Global Dividend and Income Fund has a 12-month low of $8.34 and a 12-month high of $12.23.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 17th will be issued a $0.0906 dividend. The ex-dividend date is Thursday, June 16th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 11.97%.

Large investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in Clough Global Dividend and Income Fund by 1.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 49,143 shares of the investment management company’s stock worth $545,000 after buying an additional 917 shares during the last quarter. RMB Capital Management LLC grew its stake in Clough Global Dividend and Income Fund by 2.5% during the 4th quarter. RMB Capital Management LLC now owns 44,115 shares of the investment management company’s stock worth $473,000 after buying an additional 1,073 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Clough Global Dividend and Income Fund by 8.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 14,382 shares of the investment management company’s stock worth $159,000 after buying an additional 1,082 shares during the last quarter. Bank of America Corp DE lifted its position in Clough Global Dividend and Income Fund by 0.6% during the 4th quarter. Bank of America Corp DE now owns 316,187 shares of the investment management company’s stock worth $3,390,000 after acquiring an additional 2,021 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in Clough Global Dividend and Income Fund by 10.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 27,726 shares of the investment management company’s stock worth $297,000 after acquiring an additional 2,581 shares during the period.

Clough Global Dividend and Income Fund Company Profile (Get Rating)

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.

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