Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Large Increase in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 30,700 shares, a growth of 219.8% from the May 31st total of 9,600 shares. Based on an average trading volume of 142,400 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity

In other news, insider Charles Clough, Jr. purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $4.94 per share, with a total value of $247,000.00. Following the completion of the acquisition, the insider now owns 350,445 shares in the company, valued at approximately $1,731,198.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GLO. Cornerstone Advisors LLC increased its position in shares of Clough Global Opportunities Fund by 5.2% in the first quarter. Cornerstone Advisors LLC now owns 686,456 shares of the investment management company’s stock valued at $3,487,000 after acquiring an additional 33,678 shares during the period. Private Advisor Group LLC raised its position in Clough Global Opportunities Fund by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 490,622 shares of the investment management company’s stock valued at $2,492,000 after purchasing an additional 65,271 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in Clough Global Opportunities Fund by 89.1% in the 1st quarter. FinTrust Capital Advisors LLC now owns 109,241 shares of the investment management company’s stock worth $555,000 after buying an additional 51,465 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Clough Global Opportunities Fund during the first quarter valued at approximately $295,000. Finally, Matisse Capital raised its holdings in shares of Clough Global Opportunities Fund by 56.6% during the first quarter. Matisse Capital now owns 500,000 shares of the investment management company’s stock valued at $2,540,000 after acquiring an additional 180,669 shares in the last quarter.

Clough Global Opportunities Fund Trading Up 1.1 %

Shares of Clough Global Opportunities Fund stock traded up $0.06 during trading on Thursday, hitting $5.33. 132,643 shares of the stock traded hands, compared to its average volume of 151,428. Clough Global Opportunities Fund has a 52 week low of $4.08 and a 52 week high of $5.36.

Clough Global Opportunities Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were paid a $0.048 dividend. This represents a yield of 11.63%. The ex-dividend date was Thursday, April 18th.

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.