Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Short Interest Up 219.8% in June

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 30,700 shares, a growth of 219.8% from the May 31st total of 9,600 shares. Based on an average daily trading volume, of 142,400 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity at Clough Global Opportunities Fund

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. acquired 50,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $4.94 per share, for a total transaction of $247,000.00. Following the completion of the purchase, the insider now owns 350,445 shares of the company’s stock, valued at approximately $1,731,198.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Clough Global Opportunities Fund

Hedge funds have recently modified their holdings of the stock. AQR Arbitrage LLC lifted its holdings in Clough Global Opportunities Fund by 204.5% during the 3rd quarter. AQR Arbitrage LLC now owns 253,757 shares of the investment management company’s stock valued at $1,124,000 after purchasing an additional 170,415 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Clough Global Opportunities Fund by 35.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 436,028 shares of the investment management company’s stock valued at $2,049,000 after acquiring an additional 112,994 shares during the last quarter. Kayne Anderson Capital Advisors LP acquired a new position in shares of Clough Global Opportunities Fund in the 4th quarter worth approximately $367,000. Matisse Capital grew its position in Clough Global Opportunities Fund by 485.4% during the 4th quarter. Matisse Capital now owns 319,331 shares of the investment management company’s stock worth $1,501,000 after acquiring an additional 264,778 shares during the last quarter. Finally, Cornerstone Advisors LLC grew its position in Clough Global Opportunities Fund by 50.0% during the 4th quarter. Cornerstone Advisors LLC now owns 652,778 shares of the investment management company’s stock worth $3,068,000 after acquiring an additional 217,620 shares during the last quarter.

Clough Global Opportunities Fund Price Performance

GLO stock traded up $0.05 during trading on Friday, reaching $5.38. 119,006 shares of the stock were exchanged, compared to its average volume of 151,166. Clough Global Opportunities Fund has a twelve month low of $4.08 and a twelve month high of $5.39.

Clough Global Opportunities Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were paid a dividend of $0.048 per share. This represents a yield of 11.63%. The ex-dividend date was Thursday, April 18th.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.