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.

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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.

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