Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Significant Decrease in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 105,000 shares, a drop of 27.4% from the August 15th total of 144,700 shares. Based on an average trading volume of 323,600 shares, the short-interest ratio is currently 0.3 days.

Large investors have recently modified their holdings of the business. Morgan Stanley grew its stake in shares of Clough Global Opportunities Fund by 9.4% in the 1st quarter. Morgan Stanley now owns 544,145 shares of the investment management company’s stock worth $6,666,000 after buying an additional 46,890 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Clough Global Opportunities Fund by 53.9% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,988 shares of the investment management company’s stock worth $72,000 after buying an additional 2,098 shares in the last quarter. Wedbush Securities Inc. grew its stake in shares of Clough Global Opportunities Fund by 9.7% in the 2nd quarter. Wedbush Securities Inc. now owns 28,622 shares of the investment management company’s stock worth $346,000 after buying an additional 2,526 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Clough Global Opportunities Fund by 4.5% in the 1st quarter. Royal Bank of Canada now owns 46,557 shares of the investment management company’s stock worth $571,000 after buying an additional 1,985 shares in the last quarter. Finally, Mirador Capital Partners LP purchased a new position in shares of Clough Global Opportunities Fund in the 2nd quarter worth $921,000.

GLO traded up $0.06 during trading on Tuesday, hitting $12.46. 1,010 shares of the company traded hands, compared to its average volume of 239,108. Clough Global Opportunities Fund has a 1 year low of $8.74 and a 1 year high of $13.17.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Tuesday, September 21st will be paid a $0.1087 dividend. The ex-dividend date of this dividend is Monday, September 20th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 10.47%.

Clough Global Opportunities Fund Company Profile

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.

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