Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Shares Pass Above 50-Day Moving Average of $0.00

Shares of Clough Global Opportunities Fund (NYSEAMERICAN:GLO) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $4.73. Clough Global Opportunities Fund shares last traded at $4.68, with a volume of 108,828 shares.

Clough Global Opportunities Fund Price Performance

Clough Global Opportunities Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 21st were issued a $0.0483 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a dividend yield of 11.23%.

Insider Buying and Selling at Clough Global Opportunities Fund

In related news, insider Charles Clough, Jr. bought 15,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were purchased at an average price of $5.04 per share, with a total value of $75,600.00. Following the purchase, the insider now owns 260,445 shares in the company, valued at $1,312,642.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Charles Clough, Jr. bought 20,000 shares of the stock in a transaction on Thursday, June 15th. The shares were purchased at an average price of $4.94 per share, with a total value of $98,800.00. Following the purchase, the insider now owns 255,445 shares in the company, valued at $1,261,898.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles Clough, Jr. bought 15,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were bought at an average cost of $5.04 per share, for a total transaction of $75,600.00. Following the purchase, the insider now owns 260,445 shares in the company, valued at approximately $1,312,642.80. The disclosure for this purchase can be found here.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Several hedge funds have recently made changes to their positions in the business. Walleye Capital LLC grew its stake in shares of Clough Global Opportunities Fund by 150.9% in the 2nd quarter. Walleye Capital LLC now owns 52,945 shares of the investment management company’s stock worth $265,000 after purchasing an additional 31,846 shares during the last quarter. CSS LLC IL acquired a new position in shares of Clough Global Opportunities Fund in the 2nd quarter worth approximately $91,000. Mangrove Partners boosted its holdings in shares of Clough Global Opportunities Fund by 71.6% in the second quarter. Mangrove Partners now owns 592,894 shares of the investment management company’s stock worth $2,970,000 after buying an additional 247,323 shares during the period. Cornerstone Advisors LLC acquired a new position in shares of Clough Global Opportunities Fund in the second quarter worth about $723,000. Finally, Almitas Capital LLC acquired a new position in shares of Clough Global Opportunities Fund in the second quarter worth about $67,000.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.