Clough Global Opportunities Fund (GLO) Sees Large Growth in Short Interest
Clough Global Opportunities Fund (NYSE:GLO) saw a significant growth in short interest in July. As of July 14th, there was short interest totalling 166,905 shares, a growth of 288.2% from the June 30th total of 42,990 shares. Based on an average daily trading volume, of 255,413 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.
Shares of Clough Global Opportunities Fund (NYSE:GLO) traded down 0.0215% during mid-day trading on Tuesday, reaching $11.1476. 150,567 shares of the company’s stock traded hands. The company’s 50 day moving average is $10.71 and its 200-day moving average is $10.24. Clough Global Opportunities Fund has a 52 week low of $8.65 and a 52 week high of $11.17.
The company also recently announced a monthly dividend, which was paid on Friday, June 30th. Shareholders of record on Monday, June 19th were issued a $0.086 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $1.03 annualized dividend and a yield of 9.26%.
In other news, major shareholder Saba Capital Management, L.P. bought 150,868 shares of the business’s stock in a transaction on Friday, April 28th. The shares were bought at an average cost of $10.61 per share, with a total value of $1,600,709.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Charles Clough, Jr. bought 17,400 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were purchased at an average cost of $10.63 per share, for a total transaction of $184,962.00. Following the completion of the purchase, the insider now owns 133,174 shares in the company, valued at $1,415,639.62. The disclosure for this purchase can be found here. Insiders acquired 511,771 shares of company stock worth $5,411,798 in the last ninety days.
ILLEGAL ACTIVITY WARNING: “Clough Global Opportunities Fund (GLO) Sees Large Growth in Short Interest” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/25/clough-global-opportunities-fund-glo-sees-large-growth-in-short-interest.html.
Clough Global Opportunities Fund Company Profile
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.
Receive News & Ratings for Clough Global Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clough Global Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.