Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sees Significant Drop in Short Interest

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 85,000 shares, a drop of 43.1% from the February 28th total of 149,500 shares. Based on an average daily volume of 161,500 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Clough Global Opportunities Fund

Large investors have recently made changes to their positions in the business. Walleye Capital LLC boosted its holdings in shares of Clough Global Opportunities Fund by 12.1% in the 3rd quarter. Walleye Capital LLC now owns 83,945 shares of the investment management company’s stock worth $458,000 after purchasing an additional 9,093 shares during the period. Benjamin Edwards Inc. purchased a new position in Clough Global Opportunities Fund during the third quarter worth $65,000. Rivernorth Capital Management LLC increased its position in 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 valued at $7,014,000 after acquiring an additional 6,129 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Clough Global Opportunities Fund by 5.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 60,128 shares of the investment management company’s stock valued at $308,000 after acquiring an additional 3,154 shares during the period. Finally, Walkner Condon Financial Advisors LLC bought a new stake in shares of Clough Global Opportunities Fund in the 4th quarter worth about $97,000.

Clough Global Opportunities Fund Price Performance

NYSEAMERICAN GLO opened at $4.97 on Friday. Clough Global Opportunities Fund has a 1-year low of $4.82 and a 1-year high of $5.60. The company’s 50 day moving average price is $5.14.

Clough Global Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a $0.0501 dividend. This represents a $0.60 annualized dividend and a yield of 12.10%. The ex-dividend date of this dividend is Tuesday, March 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.