Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Down 49.2% in March

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totalling 18,900 shares, a drop of 49.2% from the February 27th total of 37,200 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 47,000 shares, the days-to-cover ratio is currently 0.4 days.

Several institutional investors and hedge funds have recently modified their holdings of GLV. National Asset Management Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 13.2% in the 4th quarter. National Asset Management Inc. now owns 19,048 shares of the investment management company’s stock worth $209,000 after acquiring an additional 2,227 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 10.7% in the 4th quarter. Advisor Group Inc. now owns 12,393 shares of the investment management company’s stock worth $136,000 after acquiring an additional 1,193 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Clough Global Dividend and Income Fund by 0.7% in the 4th quarter. Bank of America Corp DE now owns 539,343 shares of the investment management company’s stock worth $5,906,000 after acquiring an additional 3,872 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 1.9% in the 4th quarter. Baird Financial Group Inc. now owns 69,206 shares of the investment management company’s stock worth $758,000 after acquiring an additional 1,309 shares during the last quarter.

Shares of GLV traded up $0.27 during midday trading on Thursday, reaching $8.49. The company had a trading volume of 45,600 shares, compared to its average volume of 60,934. Clough Global Dividend and Income Fund has a 1-year low of $5.26 and a 1-year high of $11.90.

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a $0.1008 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 14.25%. The ex-dividend date is Thursday, March 19th.

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.

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