Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Up 12.8% in October

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 43,300 shares, an increase of 12.8% from the September 30th total of 38,400 shares. Based on an average trading volume of 43,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Clough Global Dividend and Income Fund

Hedge funds have recently bought and sold shares of the company. Cornerstone Advisors LLC boosted its holdings in shares of Clough Global Dividend and Income Fund by 4.7% in the 2nd quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock valued at $1,453,000 after purchasing an additional 11,436 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the 2nd quarter valued at $132,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the 2nd quarter valued at $193,000. Shaker Financial Services LLC boosted its holdings in shares of Clough Global Dividend and Income Fund by 254.1% in the 2nd quarter. Shaker Financial Services LLC now owns 64,508 shares of the investment management company’s stock valued at $368,000 after purchasing an additional 46,293 shares during the last quarter. Finally, Almitas Capital LLC boosted its holdings in shares of Clough Global Dividend and Income Fund by 57.7% in the 2nd quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 81,718 shares during the last quarter.

Clough Global Dividend and Income Fund Stock Performance

NYSEAMERICAN GLV traded down $0.13 during mid-day trading on Thursday, reaching $5.72. 44,690 shares of the stock were exchanged, compared to its average volume of 51,463. Clough Global Dividend and Income Fund has a 1-year low of $4.70 and a 1-year high of $6.30.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.0526 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.63 dividend on an annualized basis and a yield of 11.03%.

Clough Global Dividend and Income Fund Company Profile

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.