Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Clough Global Opportunities Fund (NYSEAMERICAN:GLO) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.70 and traded as high as $5.71. Clough Global Opportunities Fund shares last traded at $5.68, with a volume of 147,194 shares.

Clough Global Opportunities Fund Price Performance

The firm’s fifty day moving average price is $5.70 and its 200 day moving average price is $5.59.

Clough Global Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.0501 dividend. The ex-dividend date is Wednesday, December 17th. This represents a c) annualized dividend and a yield of 10.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLO. SeaCrest Wealth Management LLC increased its holdings in shares of Clough Global Opportunities Fund by 5.2% in the second quarter. SeaCrest Wealth Management LLC now owns 42,702 shares of the investment management company’s stock worth $232,000 after purchasing an additional 2,107 shares during the last quarter. Tactive Advisors LLC boosted its position in shares of Clough Global Opportunities Fund by 19.4% during the 3rd quarter. Tactive Advisors LLC now owns 16,642 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 2,702 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Clough Global Opportunities Fund by 10.2% in the second quarter. Concurrent Investment Advisors LLC now owns 41,574 shares of the investment management company’s stock valued at $226,000 after purchasing an additional 3,857 shares in the last quarter. Raymond James Financial Inc. increased its position in Clough Global Opportunities Fund by 11.5% in the second quarter. Raymond James Financial Inc. now owns 47,645 shares of the investment management company’s stock worth $259,000 after purchasing an additional 4,909 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Clough Global Opportunities Fund by 318.9% during the third quarter. Bank of America Corp DE now owns 13,112 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 9,982 shares in the last quarter.

About Clough Global Opportunities Fund

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.