Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 33,379 shares, a drop of 64.0% from the November 15th total of 92,736 shares. Based on an average daily volume of 41,864 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Clough Global Dividend and Income Fund (GLV) opened at $13.23 on Tuesday. Clough Global Dividend and Income Fund has a fifty-two week low of $11.57 and a fifty-two week high of $14.39.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 19th will be issued a dividend of $0.1241 per share. This represents a $1.49 annualized dividend and a dividend yield of 11.26%. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from Clough Global Dividend and Income Fund’s previous monthly dividend of $0.12.

In related news, insider Richard Carl Rantzow sold 1,741 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $14.65, for a total transaction of $25,505.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Clough Global Dividend and Income Fund by 2.2% during the second quarter. Royal Bank of Canada now owns 33,348 shares of the investment management company’s stock worth $446,000 after purchasing an additional 721 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Clough Global Dividend and Income Fund by 12.0% during the second quarter. MML Investors Services LLC now owns 36,472 shares of the investment management company’s stock worth $488,000 after purchasing an additional 3,919 shares during the last quarter. Shaker Financial Services LLC purchased a new position in shares of Clough Global Dividend and Income Fund during the second quarter worth $628,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Clough Global Dividend and Income Fund during the third quarter worth $653,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of Clough Global Dividend and Income Fund by 6.5% during the third quarter. Sit Investment Associates Inc. now owns 487,878 shares of the investment management company’s stock worth $6,786,000 after purchasing an additional 29,731 shares during the last quarter.

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Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund (the Fund), formerly Clough Global Allocation Fund, is a closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. The Fund invests in a managed mix of equity and debt securities. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade.

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