Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Update

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 29,500 shares, a drop of 61.3% from the December 31st total of 76,200 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A hedge fund recently raised its stake in Clough Global Dividend and Income Fund stock. Rivernorth Capital Management LLC increased its position in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,753 shares of the investment management company’s stock after buying an additional 10,197 shares during the period. Rivernorth Capital Management LLC’s holdings in Clough Global Dividend and Income Fund were worth $2,178,000 at the end of the most recent reporting period.

Clough Global Dividend and Income Fund Price Performance

NYSEAMERICAN GLV traded down $0.01 during trading on Wednesday, hitting $5.54. 40,017 shares of the company’s stock were exchanged, compared to its average volume of 27,840. Clough Global Dividend and Income Fund has a fifty-two week low of $5.13 and a fifty-two week high of $6.30.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.0526 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.39%.

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.