Short Interest in Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Expands By 61.7%

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 22,800 shares, an increase of 61.7% from the March 31st total of 14,100 shares. Based on an average daily trading volume, of 153,600 shares, the days-to-cover ratio is presently 0.1 days.

Clough Global Opportunities Fund Stock Performance

GLO stock opened at $4.92 on Friday. Clough Global Opportunities Fund has a fifty-two week low of $4.08 and a fifty-two week high of $5.18.

Clough Global Opportunities Fund Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a dividend of $0.048 per share. This represents a yield of 11.63%. The ex-dividend date is Thursday, April 18th.

Insider Activity

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. purchased 20,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was acquired at an average price of $5.01 per share, with a total value of $100,200.00. Following the acquisition, the insider now directly owns 300,445 shares of the company’s stock, valued at approximately $1,505,229.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in Clough Global Opportunities Fund during the 1st quarter worth $295,000. Cornerstone Advisors LLC increased its position in shares of Clough Global Opportunities Fund by 50.0% in the fourth quarter. Cornerstone Advisors LLC now owns 652,778 shares of the investment management company’s stock worth $3,068,000 after purchasing an additional 217,620 shares during the period. Blue Bell Private Wealth Management LLC increased its position in shares of Clough Global Opportunities Fund by 12.5% in the first quarter. Blue Bell Private Wealth Management LLC now owns 22,641 shares of the investment management company’s stock worth $115,000 after purchasing an additional 2,510 shares during the period. Matisse Capital increased its position in shares of Clough Global Opportunities Fund by 485.4% in the fourth quarter. Matisse Capital now owns 319,331 shares of the investment management company’s stock worth $1,501,000 after purchasing an additional 264,778 shares during the period. Finally, Kayne Anderson Capital Advisors LP bought a new position in shares of Clough Global Opportunities Fund in the fourth quarter worth $367,000.

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.