Short Interest in Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Declines By 43.1%

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 85,000 shares, a decline of 43.1% from the February 28th total of 149,500 shares. Based on an average trading volume of 161,500 shares, the days-to-cover ratio is currently 0.5 days.

Clough Global Opportunities Fund Price Performance

Shares of GLO traded down $0.06 on Friday, reaching $4.91. The stock had a trading volume of 262,802 shares, compared to its average volume of 158,449. Clough Global Opportunities Fund has a twelve month low of $4.82 and a twelve month high of $5.60. The company’s 50-day moving average is $5.13.

Clough Global Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.0501 dividend. This represents a $0.60 annualized dividend and a yield of 12.24%. The ex-dividend date is Tuesday, March 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLO. Raymond James Financial Inc. acquired a new stake in Clough Global Opportunities Fund in the 4th quarter valued at about $225,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Clough Global Opportunities Fund in the fourth quarter valued at about $60,000. Sit Investment Associates Inc. grew its position in shares of Clough Global Opportunities Fund by 5.1% in the fourth quarter. Sit Investment Associates Inc. now owns 2,543,279 shares of the investment management company’s stock valued at $13,022,000 after purchasing an additional 123,489 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of Clough Global Opportunities Fund during the 4th quarter worth approximately $151,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Clough Global Opportunities Fund by 32.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 116,689 shares of the investment management company’s stock worth $597,000 after purchasing an additional 28,305 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.