Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Up 111.0% in January

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 73,992 shares, a growth of 111.0% from the December 31st total of 35,063 shares. Based on an average daily trading volume, of 326,961 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 326,961 shares, the short-interest ratio is currently 0.2 days.

Insider Activity

In related news, insider Charles Clough, Jr. bought 35,000 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $210,350.00. Following the completion of the transaction, the insider directly owned 394,245 shares in the company, valued at $2,369,412.45. This trade represents a 9.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders bought 36,213 shares of company stock worth $217,624.

Institutional Trading of Clough Global Opportunities Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Savvy Advisors Inc. bought a new stake in shares of Clough Global Opportunities Fund in the 4th quarter worth $219,000. TrueMark Investments LLC grew its stake in shares of Clough Global Opportunities Fund by 2.5% during the 4th quarter. TrueMark Investments LLC now owns 199,917 shares of the investment management company’s stock valued at $1,132,000 after purchasing an additional 4,917 shares during the period. CoreCap Advisors LLC grew its position in Clough Global Opportunities Fund by 1,045.2% during the fourth quarter. CoreCap Advisors LLC now owns 48,100 shares of the investment management company’s stock valued at $272,000 after buying an additional 43,900 shares during the period. SeaCrest Wealth Management LLC grew its position in shares of Clough Global Opportunities Fund by 5.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 56,526 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 2,974 shares during the period. Finally, Alpine Global Management LLC bought a new stake in Clough Global Opportunities Fund during the third quarter valued at about $2,870,000.

Clough Global Opportunities Fund Price Performance

NYSEAMERICAN GLO opened at $5.92 on Friday. Clough Global Opportunities Fund has a 1 year low of $4.32 and a 1 year high of $6.09. The business’s 50-day moving average is $5.77 and its 200 day moving average is $5.67.

Clough Global Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be given a $0.0537 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%.

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.