Short Interest in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Drops By 61.3%

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 29,500 shares, a decline of 61.3% from the December 31st total of 76,200 shares. Based on an average daily trading volume, of 38,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Clough Global Dividend and Income Fund stock. Rivernorth Capital Management LLC grew its stake in Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,753 shares of the investment management company’s stock after buying an additional 10,197 shares during the period. Rivernorth Capital Management LLC’s holdings in Clough Global Dividend and Income Fund were worth $2,178,000 as of its most recent SEC filing.

Clough Global Dividend and Income Fund Stock Performance

NYSEAMERICAN GLV traded down $0.02 on Friday, reaching $5.50. The stock had a trading volume of 13,878 shares, compared to its average volume of 27,566. Clough Global Dividend and Income Fund has a 1 year low of $5.13 and a 1 year high of $6.30.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.0526 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.63 dividend on an annualized basis and a yield of 11.49%.

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.