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

Posted by Clark Linder on Jun 29th, 2024

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 8,000 shares, a decline of 33.3% from the May 31st total of 12,000 shares. Based on an average daily trading volume, of 56,500 shares, the days-to-cover ratio is currently 0.1 days.

Clough Global Dividend and Income Fund Stock Up 0.4 %

GLV traded up $0.02 on Friday, hitting $5.70. 46,990 shares of the company traded hands, compared to its average volume of 54,268. Clough Global Dividend and Income Fund has a 12-month low of $4.70 and a 12-month high of $5.75.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a dividend of $0.0526 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.63 annualized dividend and a yield of 11.07%.

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. Matisse Capital increased its stake in shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Free Report) by 538.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 278,767 shares of the investment management company’s stock after buying an additional 235,137 shares during the period. Matisse Capital’s holdings in Clough Global Dividend and Income Fund were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

About Clough Global Dividend and Income Fund

(Get Free Report)

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.