Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Stock Passes Above Fifty Day Moving Average – Here’s Why

Clough Global Opportunities Fund (NYSEAMERICAN:GLO)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $5.28. Clough Global Opportunities Fund shares last traded at $5.18, with a volume of 109,344 shares.

Clough Global Opportunities Fund Stock Performance

Clough Global Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.12%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLO. Concurrent Investment Advisors LLC increased its stake in Clough Global Opportunities Fund by 9.6% during the third quarter. Concurrent Investment Advisors LLC now owns 34,917 shares of the investment management company’s stock valued at $190,000 after purchasing an additional 3,070 shares during the last quarter. Matisse Capital grew its position in shares of Clough Global Opportunities Fund by 0.6% during the 2nd quarter. Matisse Capital now owns 503,202 shares of the investment management company’s stock valued at $2,707,000 after buying an additional 3,202 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in Clough Global Opportunities Fund by 7.7% during the third quarter. SeaCrest Wealth Management LLC now owns 56,974 shares of the investment management company’s stock worth $311,000 after acquiring an additional 4,096 shares during the period. Rivernorth Capital Management LLC lifted its holdings in Clough Global Opportunities Fund by 0.5% in the third quarter. Rivernorth Capital Management LLC now owns 1,286,988 shares of the investment management company’s stock worth $7,014,000 after acquiring an additional 6,129 shares during the last quarter. Finally, Evernest Financial Advisors LLC boosted its stake in Clough Global Opportunities Fund by 61.2% in the second quarter. Evernest Financial Advisors LLC now owns 17,298 shares of the investment management company’s stock valued at $93,000 after acquiring an additional 6,568 shares during the period.

Clough Global Opportunities Fund Company Profile

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.