Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Increases By 59.3%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,800 shares, an increase of 59.3% from the February 29th total of 16,200 shares. Based on an average daily volume of 54,300 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Large investors have recently modified their holdings of the business. Matisse Capital boosted its stake in shares of Clough Global Dividend and Income Fund by 538.9% in the fourth quarter. Matisse Capital now owns 278,767 shares of the investment management company’s stock valued at $1,435,000 after purchasing an additional 235,137 shares during the period. Cornerstone Advisors LLC grew its position in Clough Global Dividend and Income Fund by 152.4% in the 3rd quarter. Cornerstone Advisors LLC now owns 176,759 shares of the investment management company’s stock valued at $878,000 after buying an additional 106,725 shares during the last quarter. Guggenheim Capital LLC grew its position in Clough Global Dividend and Income Fund by 34.8% in the 1st quarter. Guggenheim Capital LLC now owns 152,075 shares of the investment management company’s stock valued at $1,399,000 after buying an additional 39,274 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Clough Global Dividend and Income Fund by 9.0% during the 1st quarter. Bank of America Corp DE now owns 344,626 shares of the investment management company’s stock worth $3,171,000 after purchasing an additional 28,439 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Clough Global Dividend and Income Fund by 24.4% during the 1st quarter. Baird Financial Group Inc. now owns 103,200 shares of the investment management company’s stock worth $949,000 after purchasing an additional 20,213 shares in the last quarter.

Clough Global Dividend and Income Fund Price Performance

NYSEAMERICAN GLV remained flat at $5.59 on Friday. 40,155 shares of the company traded hands, compared to its average volume of 51,435. Clough Global Dividend and Income Fund has a 12 month low of $4.70 and a 12 month high of $6.06.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 16th were issued a $0.0526 dividend. This represents a yield of 11.62%. The ex-dividend date was Thursday, February 15th.

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.