Short Interest in Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Drops By 62.8%

by · The Markets Daily

Clough Global Opportunities Fund (NYSEAMERICAN:GLO – Get Free Report) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 17,220 shares, a decrease of 62.8% from the May 14th total of 46,238 shares. Based on an average daily trading volume, of 146,064 shares, the days-to-cover ratio is currently 0.1 days.

Clough Global Opportunities Fund Trading Up 0.9%

Shares of NYSEAMERICAN GLO traded up $0.05 during midday trading on Friday, hitting $5.90. The company’s stock had a trading volume of 53,876 shares, compared to its average volume of 187,637. The business’s 50 day moving average is $5.87 and its two-hundred day moving average is $5.82. Clough Global Opportunities Fund has a 12-month low of $5.20 and a 12-month high of $6.10.

Clough Global Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.0537 per share. This represents a c) annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Wednesday, June 17th.

Institutional Trading of Clough Global Opportunities Fund

Several institutional investors and hedge funds have recently modified their holdings of GLO. PNC Financial Services Group Inc. bought a new stake in shares of Clough Global Opportunities Fund during the first quarter valued at approximately $56,000. Bank of America Corp DE raised its stake in shares of Clough Global Opportunities Fund by 318.9% during the third quarter. Bank of America Corp DE now owns 13,112 shares of the investment management company’s stock valued at $75,000 after acquiring an additional 9,982 shares in the last quarter. NWF Advisory Services Inc. bought a new stake in shares of Clough Global Opportunities Fund during the fourth quarter valued at approximately $85,000. Marex Group plc bought a new stake in shares of Clough Global Opportunities Fund during the fourth quarter valued at approximately $113,000. Finally, WJ Financial Advisors LLC bought a new stake in shares of Clough Global Opportunities Fund during the third quarter valued at approximately $134,000.

About Clough Global Opportunities Fund

(Get Free Report)

Clough Global Opportunities Fund (NYSE American: GLO) is a closed-end management investment company that seeks to deliver attractive risk-adjusted returns through a focus on income generation and capital appreciation. Trading on the NYSE American exchange, the fund invests primarily in the equity securities of global companies operating across energy, utilities, transportation, chemicals and other infrastructure-related industries. By concentrating on sectors critical to the world’s economic growth, the fund aims to provide investors with diversified exposure to both developed and emerging markets.

The fund’s investment strategy is driven by bottom-up research and fundamental analysis.

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