Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Increases By 42.4%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 33,600 shares, a growth of 42.4% from the February 13th total of 23,600 shares. Based on an average trading volume of 30,600 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Clough Global Dividend and Income Fund

A number of hedge funds have recently bought and sold shares of GLV. Rivernorth Capital Management LLC raised its stake in shares of Clough Global Dividend and Income Fund by 2.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock valued at $2,178,000 after buying an additional 10,197 shares in the last quarter. Sanctuary Advisors LLC increased its position in Clough Global Dividend and Income Fund by 300.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock valued at $562,000 after acquiring an additional 73,740 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Clough Global Dividend and Income Fund in the 4th quarter valued at about $328,000. Gamco Investors INC. ET AL bought a new position in shares of Clough Global Dividend and Income Fund in the 4th quarter valued at about $54,000. Finally, Shaker Financial Services LLC bought a new position in shares of Clough Global Dividend and Income Fund in the 4th quarter valued at about $230,000.

Clough Global Dividend and Income Fund Trading Up 2.4 %

Clough Global Dividend and Income Fund stock opened at $5.51 on Friday. The company has a 50 day moving average of $5.44. Clough Global Dividend and Income Fund has a twelve month low of $5.13 and a twelve month high of $6.30.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0526 per share. This represents a $0.63 annualized dividend and a dividend yield of 11.46%. The ex-dividend date is Tuesday, March 18th.

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.