Short Interest in Clough Global Opportunities Fund (GLO) Declines By 61.0%
Clough Global Opportunities Fund (NYSE:GLO) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 28,960 shares, a decline of 61.0% from the May 31st total of 74,336 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 125,889 shares, the days-to-cover ratio is presently 0.2 days.
In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. purchased 17,400 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were purchased at an average price of $10.63 per share, for a total transaction of $184,962.00. Following the completion of the transaction, the insider now owns 133,174 shares in the company, valued at approximately $1,415,639.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Saba Capital Management, L.P. purchased 57,114 shares of the firm’s stock in a transaction on Thursday, March 30th. The stock was acquired at an average price of $10.14 per share, for a total transaction of $579,135.96. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,989,748 shares of company stock worth $20,663,644.
Clough Global Opportunities Fund (NYSE:GLO) opened at 10.59 on Tuesday. The firm has a 50-day moving average of $10.54 and a 200 day moving average of $9.93. Clough Global Opportunities Fund has a 52-week low of $8.65 and a 52-week high of $10.69.
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Monday, June 19th will be paid a $0.086 dividend. The ex-dividend date is Thursday, June 15th. This represents a $1.03 annualized dividend and a dividend yield of 9.75%.
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About Clough Global Opportunities Fund
Clough Global Opportunities Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. It seeks to achieve its objective by applying a fundamental research-driven investment process. It will invest in equity and equity-related securities, as well as fixed income securities, including both corporate and sovereign debt.
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