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

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

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in Clough Global Dividend and Income Fund during the second quarter valued at about $132,000. Almitas Capital LLC increased its holdings in shares of Clough Global Dividend and Income Fund by 57.7% in the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock worth $1,273,000 after buying an additional 81,718 shares during the period. Cornerstone Advisors LLC increased its holdings in shares of Clough Global Dividend and Income Fund by 4.7% in the second quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock worth $1,453,000 after buying an additional 11,436 shares during the period. Blue Bell Private Wealth Management LLC purchased a new position in shares of Clough Global Dividend and Income Fund in the second quarter worth about $193,000. Finally, Shaker Financial Services LLC increased its holdings in shares of Clough Global Dividend and Income Fund by 254.1% in the second quarter. Shaker Financial Services LLC now owns 64,508 shares of the investment management company’s stock worth $368,000 after buying an additional 46,293 shares during the period.

Clough Global Dividend and Income Fund Trading Down 2.2 %

Shares of GLV stock traded down $0.13 on Thursday, reaching $5.72. The company’s stock had a trading volume of 44,690 shares, compared to its average volume of 51,463. Clough Global Dividend and Income Fund has a 12-month low of $4.70 and a 12-month high of $6.30.

Clough Global Dividend and Income Fund Dividend Announcement

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

About Clough Global Dividend and Income Fund

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.