Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Stock Passes Above 50-Day Moving Average – Here’s Why

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $5.28. Clough Global Opportunities Fund shares last traded at $5.18, with a volume of 109,344 shares trading hands.

Clough Global Opportunities Fund Stock Down 1.1 %

Clough Global Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a yield of 11.12%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Investors Weigh In On Clough Global Opportunities Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in Clough Global Opportunities Fund during the third quarter worth about $65,000. Evernest Financial Advisors LLC boosted its stake in Clough Global Opportunities Fund by 61.2% in the second quarter. Evernest Financial Advisors LLC now owns 17,298 shares of the investment management company’s stock valued at $93,000 after acquiring an additional 6,568 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Clough Global Opportunities Fund during the second quarter valued at approximately $149,000. Concurrent Investment Advisors LLC raised its position in shares of Clough Global Opportunities Fund by 9.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 34,917 shares of the investment management company’s stock worth $190,000 after purchasing an additional 3,070 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Clough Global Opportunities Fund by 76.2% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,885 shares of the investment management company’s stock worth $215,000 after purchasing an additional 17,244 shares during the last quarter.

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.