Short Interest in Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Rises By 61.8%

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 149,500 shares, an increase of 61.8% from the February 13th total of 92,400 shares. Based on an average trading volume of 161,800 shares, the days-to-cover ratio is currently 0.9 days.

Clough Global Opportunities Fund Trading Up 2.5 %

GLO opened at $4.98 on Monday. The company has a fifty day moving average price of $5.15. Clough Global Opportunities Fund has a 52 week low of $4.82 and a 52 week high of $5.60.

Clough Global Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0501 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.60 annualized dividend and a yield of 12.07%.

Institutional Trading of Clough Global Opportunities Fund

Several institutional investors have recently added to or reduced their stakes in GLO. Walleye Capital LLC boosted its position in Clough Global Opportunities Fund by 12.1% during the third quarter. Walleye Capital LLC now owns 83,945 shares of the investment management company’s stock valued at $458,000 after buying an additional 9,093 shares during the period. Benjamin Edwards Inc. purchased a new stake in shares of Clough Global Opportunities Fund during the third quarter worth about $65,000. Rivernorth Capital Management LLC boosted its holdings in shares of Clough Global Opportunities Fund by 0.5% during 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 purchasing an additional 6,129 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in shares of Clough Global Opportunities Fund by 5.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 60,128 shares of the investment management company’s stock worth $308,000 after purchasing an additional 3,154 shares during the period. Finally, Walkner Condon Financial Advisors LLC purchased a new stake in shares of Clough Global Opportunities Fund during the fourth quarter worth about $97,000.

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.