Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Grows By 93.7%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 18,400 shares, a growth of 93.7% from the March 31st total of 9,500 shares. Based on an average trading volume of 52,400 shares, the days-to-cover ratio is presently 0.4 days.

Clough Global Dividend and Income Fund Price Performance

NYSEAMERICAN:GLV traded up $0.01 during mid-day trading on Friday, hitting $5.38. The company had a trading volume of 88,385 shares, compared to its average volume of 53,325. Clough Global Dividend and Income Fund has a fifty-two week low of $4.70 and a fifty-two week high of $5.88.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.0526 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.63 dividend on an annualized basis and a yield of 11.74%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Matisse Capital grew its stake in 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 in the last quarter. Cornerstone Advisors LLC grew its stake in Clough Global Dividend and Income Fund by 152.4% in the third quarter. Cornerstone Advisors LLC now owns 176,759 shares of the investment management company’s stock valued at $878,000 after purchasing an additional 106,725 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Clough Global Dividend and Income Fund in the third quarter valued at approximately $50,000.

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.